Liquidity Creation for sfrxETH/AsfrxETH Pair

Governance Proposals Liquidity Providing
1

Introduction

Allstake provides omnichain (re)staking infrastructure that optimizes rewards and liquidity for assets across various blockchains.

Background

This proposal requests Frax to provide liquidity for the sfrxETH/AsfrxETH pair on Curve. Users will be able to stake sfrxETH and AsfrxETH, benefiting from dual rewards.

Requested Liquidity

  • 100 sfrxETH total:
    • 50 sfrxETH to mint 50 AsfrxETH via Allstake.
    • Combine 50 sfrxETH and 50 AsfrxETH to create a Curve pool.

Liquidity Deployment

  • 50% LP tokens staked in Convex - Curve (sfrxETH/AsfrxETH).
  • 50% LP tokens staked in Convex - Frax (sfrxETH/AsfrxETH).

Yield and Rewards

  • Allstake Points Multiplier: 2x

Benefits for Frax

  • Boosts sfrxETH utility, increasing staking opportunities for Frax users.
  • Encourages retention of sfrxETH.
  • Expands Frax’s DeFi footprint with more staking and liquidity options.
  • No impermanent loss