The Tokemak Core faceoff that FXS crushed the competition was a resounding success not just for fraximalists but for token governance. The event was one of the most exciting events I’ve seen. It was as interesting and even more dramatic than Curve & Convex voting. The event definitely captured a lot of the best parts of crypto community coordination.
I think we should propose similar competitions every 2-3 weeks for the next veFXS gauge. We can have the votes hosted on Snapshot like Convex does their gauge votes. We can make veFXS+FXS holders directly vote for the next gauge pair and communities that want a veFXS gauge should actively participate in the process by joining our Telegram and discussing synergies. We can also extend these votes to the actual collateral FRAX should intake as well, not only for gauge pairs.
Additionally, I think we should begin thinking of building extra features/perks for veFXS holders other than just voting on gauges to increase the value of staking for veFXS. @Mark11 had a great idea that veFXS holders should get discounts on interest rates for borrowing of FRAX anywhere. This is a bit hard to implement in any location but can be interesting to think about in a dedicated Fuse pool or some AMO. There’s many ideas as well like allowing veFXS holders to control the AMO expansions/contractions which is already planned for FRAX v3