# Implement Ragequit for Uniswap v3 FRAX/USDC LP
**URL:** https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036
**Category:** Gauges
**Created:** [April 23, 2024, 12:09pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036 "2024-04-23T12:09:11Z")
**Posts on this page:** 18
**Page:** 1
### Author:  [@q23](https://gov.frax.finance/u/q23)
#### Post date: [April 23, 2024, 12:09pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/1 "2024-04-23T12:09:11Z")
I propose the implementation of a ragequit function for the FRAX/USDC Uniswap v3 liquidity pool to address the needs of community members who wish to re-allocate their capital. This function will provide community members with greater flexibility and freedom in managing their capital while ensuring that the underlying protocol is not exposed to significant risk. The proposal also aims to generate profits for the protocol if passed.
Two years ago I entered a locked position that continues to yield below inflation APY%. This means that I am losing purchasing power due to inflation and the opportunity cost of capital allocation in this liquidity cycle.
The proposed solution is a ragequit function that will allow community members to exit their positions in the FRAX/USDC Uniswap v3 liquidity pool with a fee. Should the [ragequit standard](https://gov.frax.finance/t/standardize-ragequit-proposals-and-make-it-a-feature-and-not-a-bug/3016) be ratified I will accept these fees.
Vote
• For: Implement the ragequit function for the FRAX/USDC Uniswap v3 pool with a standard ragequit exit fee
• Against: Do Nothing
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### Author:  [@Sharkysnakefish](https://gov.frax.finance/u/Sharkysnakefish)
#### Post date: [April 23, 2024, 2:05pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/2 "2024-04-23T14:05:35Z")
The ragequit standard is awaiting another suggestion/proposal/amendment. If there is no update within the end of this week, I will ask for it to go into voting come Monday.
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### Author:  [@q23](https://gov.frax.finance/u/q23)
#### Post date: [May 2, 2024, 4:28am UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/3 "2024-05-02T04:28:49Z")
Did this go into voting?
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### Author:  [@Sharkysnakefish](https://gov.frax.finance/u/Sharkysnakefish)
#### Post date: [May 2, 2024, 4:54am UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/4 "2024-05-02T04:54:24Z")
I will ask for an update from the guy writing the amendment. I will come back to you with an answer soon.
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### Author:  [@Fraxwhale](https://gov.frax.finance/u/Fraxwhale)
#### Post date: [May 8, 2024, 2:27pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/5 "2024-05-08T14:27:15Z")
Hello
I’m in support for a ragequit function for the RAX/USDC Uniswap v3 liquidity pool as well
my reasons being :
1. APR being most likely one of the lowest on the entire platform for a long time with no chance of ever recovering (it’s been below the inflation rate for 2 years now)
(I, personally, locked 120k for 3 years and have received around 11k USD in yield in 800 days with the remaining 300 days only yielding 400 USD…)
2. The pool has been mostly useless as a trading pool since its beginning
as it got vampire attacked early on by another uni v3 pool with 0.01% fee, this pool took most of the vol/fee’s for almost 1–2 years. It only has stopped now as their pool has gotten imbalanced
3. one of the reasons the Apr has gotten, so bad is that the pool size is too big and since the launch of the pool, so many options have been added to the gauge deluding the votes which makes this pool impossible to balance to a healthy Apr
with a ragequit on this pool, I believe it will shrink to a more healthy size. So that it can balance the Apr again
So. Now we have 90m being locked (mostly 300 days + still) yielding at best 0.4% Apr
sitting in a pool that barely see’s any use or volume
I, personally, would not mind a 20% fee (which would be a net loss of 14k)
but being locked for a further 300 days with practically zero yield is far worse while there’s so many better options out there currently in the frax eco (sfrax - frax/fpi on fraxtal - deposit frax on ethena etc. ) which all far more help out the frax eco than this useless pool
in the future, I think frax should look into a front end on the staking pool system
so instead of locking ur self to a pool itself, you instead lock ur self into the frax eco
and you can move freely between the pools on frax this would also create a heavy competition for bribes to keep the pools interesting, which then again, would be good for vefxs
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### Author:  [@q23](https://gov.frax.finance/u/q23)
#### Post date: [May 16, 2024, 7:46am UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/6 "2024-05-16T07:46:12Z")
@Sharkysnakefish apologies for the ping. Is there an estimated timeline on this?
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### Author:  [@Sharkysnakefish](https://gov.frax.finance/u/Sharkysnakefish)
#### Post date: [May 16, 2024, 8:57am UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/7 "2024-05-16T08:57:48Z")
Hello,
Thanks for asking.
I am waiting for the other community member to make some changes to the algorithm. I will ask him when we can expect the next update. Sorry it is moving slowly, but it is a proposal that is important to get right.
I would also urge you to ask in the telegram chat ([Telegram: Contact @fraxfinance](https://t.me/fraxfinance)) to the core team if it is possible to implement a ragequit for this pair. I know some other pairs does not have that ability in the contract when they were created, and hence they tried to shutdown the pair instead without success ([[FIP - 353] Shut down Convex rETH/frxETH for an 8,300 FRAX fee](https://gov.frax.finance/t/fip-353-shut-down-convex-reth-frxeth-for-an-8-300-frax-fee/3022)). Quite sure no-one would accept the FRAX/USDC pair be shutdown, but it might be good for you to know that your current proposal might be impossible.
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### Author:  [@drevil0](https://gov.frax.finance/u/drevil0)
#### Post date: [May 20, 2024, 6:47pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/8 "2024-05-20T18:47:36Z")
Thanks for your input @Sharkysnakefish
Is there any news on this one?
Cheers
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### Author:  [@Sharkysnakefish](https://gov.frax.finance/u/Sharkysnakefish)
#### Post date: [May 21, 2024, 3:16pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/9 "2024-05-21T15:16:28Z")
It is in the works. I just got a message from the person doing the algorithm that the new one is a bit delayed. However, hopeful we can get it next week.
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### Author:  [@Fraxwhale](https://gov.frax.finance/u/Fraxwhale)
#### Post date: [May 30, 2024, 12:13pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/10 "2024-05-30T12:13:44Z")
any progress on the updated algo?
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### Author:  [@Sharkysnakefish](https://gov.frax.finance/u/Sharkysnakefish)
#### Post date: [May 30, 2024, 6:29pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/11 "2024-05-30T18:29:35Z")
I am awaiting response from the member who is holding in the algorithm part. Sorry it is taking so long, but its a complicated proposal that needs time. We also have other lives besides crypto that sometimes come in the way. I am holding out for him to be finish, as I think it is important to have the case as informed as possible before moving into voting. Most likely the algorithm will be more fair and safe than the original fixed and variable rate solution of the proposal.
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### Author:  [@drevil0](https://gov.frax.finance/u/drevil0)
#### Post date: [June 1, 2024, 2:36pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/12 "2024-06-01T14:36:29Z")
Do we need to put a new FIP (proposal) for this one, or is it not needed as ragequit will just be added as a standard feature of the protocol?
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### Author:  [@Fraxwhale](https://gov.frax.finance/u/Fraxwhale)
#### Post date: [June 7, 2024, 4:51pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/13 "2024-06-07T16:51:47Z")
no problems!
Hopefully the proposal will pass so the locked funds in useless pools can be used in better frax pools again
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### Author:  [@drevil0](https://gov.frax.finance/u/drevil0)
#### Post date: [June 8, 2024, 7:01pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/14 "2024-06-08T19:01:37Z")
Any news on this one?
Many thanks
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### Author:  [@Sharkysnakefish](https://gov.frax.finance/u/Sharkysnakefish)
#### Post date: [June 9, 2024, 6:27am UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/15 "2024-06-09T06:27:59Z")
No current news, other than we are still waiting for the algorithm. It is including some factors regarding FXS that is hard to pin down. But fear not, it is chugging along. We will post the proposal as soon as it is ready. If work were to stop up, the proposal in the current form would go to voting. But that is just a final solution.
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### Author:  [@q23](https://gov.frax.finance/u/q23)
#### Post date: [June 22, 2024, 10:12pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/16 "2024-06-22T22:12:47Z")
@Sharkysnakefish is there an ETA for this going live?
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### Author:  [@Sharkysnakefish](https://gov.frax.finance/u/Sharkysnakefish)
#### Post date: [June 23, 2024, 12:58pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/17 "2024-06-23T12:58:43Z")
I got a positive update yesterday. Seems like we are at the finish line. I expect the results in the coming days. After I receive it I will swiftly post the new proposal. Hopefully proposed within next week, then after a new discussion phase it will go to voting.
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### Author:  [@Fraxwhale](https://gov.frax.finance/u/Fraxwhale)
#### Post date: [July 9, 2024, 10:56pm UTC](https://gov.frax.finance/t/implement-ragequit-for-uniswap-v3-frax-usdc-lp/3036/18 "2024-07-09T22:56:24Z")
> [@\[FIP - 379\] Locked Liquidity Standard Exit](https://gov.frax.finance/t/fip-3xx-locked-liquidity-standard-exit/3145):
>
> Authors Frax Core Team Summary This proposal seeks to provide liquidity providers within the Frax Finance ecosystem the option to exchange their locked liquidity in certain pools for Frax Bond 2029 (FXB2029) at the auction price. Background and Motivation Many liquidity providers within the Frax Finance ecosystem have recently expressed a need for a ragequit or exit mechanism for their locked liquidity in FXS gauges. To address this concern and provide a flexible solution, we propose an exchan…