# \[FIP-97\] Initial FRAXBP Metapool Gauges

**URL:** <https://gov.frax.finance/t/fip-97-initial-fraxbp-metapool-gauges/1704>\
**Category:** Gauges\
**Created:** [July 13, 2022, 1:10am UTC](https://gov.frax.finance/t/fip-97-initial-fraxbp-metapool-gauges/1704 "2022-07-13T01:10:44Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![C2tP-C2tP](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/c2tp-c2tp/32/378_2.png) [@C2tP-C2tP](https://gov.frax.finance/u/C2tP-C2tP)\
**Post date:** [July 13, 2022, 1:10am UTC](https://gov.frax.finance/t/fip-97-initial-fraxbp-metapool-gauges/1704/1 "2022-07-13T01:10:44Z")

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## Authors

C2tP (Convex Finance)

Sam (Frax Finance)

# Proposal

## Background & Motivation

Now that the FraxBP is live, protocols should feel welcomed to make metapools. Alongside incentives outlined in FIP-95, FraxBP metapools should, on top of their respective CRV gauges, also receive FXS gauges to further incentivize migration to the FraxBP family.

### Abstract

As with previous FIPs 90 and 57, we propose that the following Curve pools receive a Convex wrapped position FXS gauge.

- sUSDFRAXBP
- USDDFRAXBP
- GUSDFRAXBP
- TUSDFRAXBP
- alUSDFRAXBP
- LUSDFRAXBP
- BUSDFRAXBP
- apeUSDFRAXBP

The staking token is a wrapped Convex staking position represented by an erc-20 that receives CRV and CVX rewards. This token can then be staked on a Frax Finance gauge to then also receive FXS rewards.

The wrapped staking position itself is an unmanaged trustless position and can be found on the Convex github at [platform/contracts/contracts/wrappers at main · convex-eth/platform · GitHub](https://github.com/convex-eth/platform/tree/main/contracts/contracts/wrappers)

## Voting

For: Add the listed pools to FXS gauge controller as staked Convex positions

Against: Do nothing.

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<div class="post-metadata">

**Author:** ![nader.frax](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/nader.frax/32/1849_2.png) [@nader.frax](https://gov.frax.finance/u/nader.frax)\
**Post date:** [July 16, 2022, 11:25pm UTC](https://gov.frax.finance/t/fip-97-initial-fraxbp-metapool-gauges/1704/2 "2022-07-16T23:25:15Z")

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This proposal is up for voting here: [Snapshot](https://snapshot.org/#/frax.eth/proposal/0xe644fb69a5cef6add7152646d998bbc0353153f8dc4d30145c0d183084078d99)