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

**URL:** <https://gov.frax.finance/t/fip107-redeploy-imbalanced-ageur-frax-gauge-as-ageur-fraxbp-metapool/1790>\
**Category:** Gauges\
**Created:** [August 24, 2022, 4:15pm UTC](https://gov.frax.finance/t/fip107-redeploy-imbalanced-ageur-frax-gauge-as-ageur-fraxbp-metapool/1790 "2022-08-24T16:15:10Z")\
**Posts on this page:** 6\
**Page:** 1

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**Author:** ![FraxiG](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/fraxig/32/73_2.png) [@FraxiG](https://gov.frax.finance/u/FraxiG)\
**Post date:** [August 24, 2022, 4:15pm UTC](https://gov.frax.finance/t/fip107-redeploy-imbalanced-ageur-frax-gauge-as-ageur-fraxbp-metapool/1790/1 "2022-08-24T16:15:10Z")

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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.

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**Author:** ![Ouija](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.frax.finance/ouija/32/980_2.png) [@Ouija](https://gov.frax.finance/u/Ouija)\
**Post date:** [August 25, 2022, 7:32am UTC](https://gov.frax.finance/t/fip107-redeploy-imbalanced-ageur-frax-gauge-as-ageur-fraxbp-metapool/1790/2 "2022-08-25T07:32:06Z")

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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.

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**Author:** ![Tempus](https://avatars.discourse-cdn.com/v4/letter/t/57b2e6/32.png) [@Tempus](https://gov.frax.finance/u/Tempus)\
**Post date:** [August 25, 2022, 8:33am UTC](https://gov.frax.finance/t/fip107-redeploy-imbalanced-ageur-frax-gauge-as-ageur-fraxbp-metapool/1790/3 "2022-08-25T08:33:46Z")

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

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**Author:** ![BTC](https://avatars.discourse-cdn.com/v4/letter/b/7feea3/32.png) [@BTC](https://gov.frax.finance/u/BTC)\
**Post date:** [August 25, 2022, 10:24am UTC](https://gov.frax.finance/t/fip107-redeploy-imbalanced-ageur-frax-gauge-as-ageur-fraxbp-metapool/1790/4 "2022-08-25T10:24:24Z")

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This gauge should be redeployed indeed.

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**Author:** ![chrissi](https://avatars.discourse-cdn.com/v4/letter/c/22d042/32.png) [@chrissi](https://gov.frax.finance/u/chrissi)\
**Post date:** [August 29, 2022, 11:08am UTC](https://gov.frax.finance/t/fip107-redeploy-imbalanced-ageur-frax-gauge-as-ageur-fraxbp-metapool/1790/5 "2022-08-29T11:08:30Z")

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

How can we move this to snapshot?

Thanks,  
chrissi

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**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:** [August 29, 2022, 4:05pm UTC](https://gov.frax.finance/t/fip107-redeploy-imbalanced-ageur-frax-gauge-as-ageur-fraxbp-metapool/1790/6 "2022-08-29T16:05:50Z")

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This proposal is up for voting here: [Snapshot](https://snapshot.org/#/frax.eth/proposal/0x3f1e4499cdc6c1b411959fa24d19f4100ff644d85c8a8d96a9e5f21847c6aaa4)