# FIP-55: Shifting resources away from the Convex AMO

**URL:** <https://gov.frax.finance/t/fip-55-shifting-resources-away-from-the-convex-amo/1213>\
**Category:** Miscellaneous\
**Created:** [April 19, 2022, 10:41pm UTC](https://gov.frax.finance/t/fip-55-shifting-resources-away-from-the-convex-amo/1213 "2022-04-19T22:41:57Z")\
**Posts on this page:** 1\
**Showing post:** 22

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**Author:** ![brianfakhoury](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/brianfakhoury/32/612_2.png) [@brianfakhoury](https://gov.frax.finance/u/brianfakhoury)\
**Post date:** [May 4, 2022, 8:50pm UTC](https://gov.frax.finance/t/fip-55-shifting-resources-away-from-the-convex-amo/1213/22 "2022-05-04T20:50:47Z")

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Thank you everyone for the wonderful feedback!

As a next step, I’ll be modifying the post above to only propose pausing FRAX3CRV operations, and we (Mechanism) will propose this as a snapshot vote.

Sam nicely laid out the FXS TWAMM AMO to replace the buyback & re-collateralize functionality in FIP-58, which we recommend voting FOR → [FIP 58 - Deprecate Buybacks/Recollateralizations for Fraxswap TWAMMs](https://gov.frax.finance/t/fip-58-deprecate-buybacks-recollateralizations-for-fraxswap-twamms/1283)

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