SDIR-15 | Add SDT gauges for FRAX BP Strategies
Project presentation:
Protocol name: Frax
Twitter: www.twitter.com/fraxfinance
Website : www.frax.finance
Summary:
Propose to add the ALUSDFRAXBP, TUSDFRAXBP, GUSDFRAXBP, LUSDFRAXBP strategies to SDT gauge to boost the strategy’s APR with SDT.
Rationale:
Frax is the leading algo stablecoin solution - providing a simple and secure way to earn interest on your digital assets. By using Frax your stables remain stables and can be used across a range of DeFi applications, earning extra yield.
The strategies are currently underused against others where SDT can be accumulated for veSDT power. Adding SDT incentives is the natural step to align long term Stake DAO community members and boost DAO earnings over time.
Means:
Human resources: Minimal developer time needed
Treasury resources: No treasury resources needed
Technical Implementation:
Add gauges for:
ALUSDFRAXBP
TUSDFRAXBP
GUSDFRAXBP
LUSDFRAXBP
Proposal specifications:
Admin: veSDT holders
Community feedback: 2 days minimum
Voting Duration: 3 days
(you won’t pay gas to vote, it is a gasless signature)