[FIP107] Redeploy imbalanced agEUR/Frax gauge as agEUR/FraxBP metapool

Governance Proposals Gauges
1

Due to the recent downfall of the EURO against the USD, the agEUR/Frax LP has become severely imbalanced. As of this writing the pool consists of 99%+ agEUR.
This means that in the current state the pool is a net loss to the protocol as it currently provides near to no liquidity for FRAX whilst still earning emissions from the gauge votes.

I propose that we deprecate/unlock the current gauge LP and redeploy it with updated ranges as a agEUR/FraxBP v2 metapool.

Doing this would reestablish liquidity between agEUR and FRAX and will also result in an increase of the FRAX supply.

5 Likes
2

Considering the macro economic environment and the consistent pressure and devaluing of the EURO. With no mention of future pressure presented by the Russian fuel and US proxy situation.

I agree it would be sound to act upon this for the continued health of FRAX.

There are additional or alternative actions we could take however I believe this to be on such viable option.

1 Like
3

I agree to redeploy current LP with updated ranges as a agEUR/FraxBP v2

4

This gauge should be redeployed indeed.

5

Thank you very much for the proposal!
Fully agree on this.

How can we move this to snapshot?

Thanks,
chrissi

6

This proposal is up for voting here: Snapshot