# \[FIP - 407\] Allocate FXS to Symbiotic
**URL:** https://gov.frax.finance/t/fip-407-allocate-fxs-to-symbiotic/3275
**Category:** Miscellaneous
**Created:** [September 5, 2024, 5:42pm UTC](https://gov.frax.finance/t/fip-407-allocate-fxs-to-symbiotic/3275 "2024-09-05T17:42:23Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@MichaelHenry](https://gov.frax.finance/u/MichaelHenry)
#### Post date: [September 5, 2024, 5:42pm UTC](https://gov.frax.finance/t/fip-407-allocate-fxs-to-symbiotic/3275/1 "2024-09-05T17:42:23Z")
**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
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### Author:  [@Sharkysnakefish](https://gov.frax.finance/u/Sharkysnakefish)
#### Post date: [September 5, 2024, 7:21pm UTC](https://gov.frax.finance/t/fip-407-allocate-fxs-to-symbiotic/3275/2 "2024-09-05T19:21:27Z")
This should definitively be put on hold until revenue and tokenomics is fully mapped, and we have a good enough picture of how we should manage our remaining FXS.
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### Author:  [@MichaelHenry](https://gov.frax.finance/u/MichaelHenry)
#### Post date: [September 5, 2024, 7:40pm UTC](https://gov.frax.finance/t/fip-407-allocate-fxs-to-symbiotic/3275/3 "2024-09-05T19:40:07Z")
Thanks for the response SharkySnakeFish! To be clear, I’m not advocating for this to be a permanent home for our held FXS, just a temporary home for unallocated FXS. Also, this doesn’t require us to sell our FXS.
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### Author:  [@nader.frax](https://gov.frax.finance/u/nader.frax)
#### Post date: [September 16, 2024, 10:37pm UTC](https://gov.frax.finance/t/fip-407-allocate-fxs-to-symbiotic/3275/4 "2024-09-16T22:37:00Z")
This proposal is up for voting here: [Snapshot](https://snapshot.org/#/frax.eth/proposal/0x4f973673cd658a7a003a084b9f4dcb6a9b0e4368f1948a38d3ee6094d37cb340)