Authors:
Michael Henry
Overview:
We should use the treasury held FXS to generate additional protocol revenue. I believe we should do so by restaking it with our existing partner Symbiotic.
Details:
I propose depositing 1,000,000 FXS from the Treasury into the Symbiotic FXS pool. This will generate additional yield at an undeterminable rate.
Closing Thoughts
FRAX is sprinting towards 100% CR and needs to earn additional income however it can. This allows us to do some while participating in a positive-sum game with our partner Symbiotic.
Voting:
- For: Deposit 1,000,000 FXS from the Treasury into the Symbiotic FXS restaking pool
- Against: Do nothing