We propose to whitelist FRAX on Stake DAO Liquid Lockers to allow them to lock SDT and vote with veSDT.
FRAX has been a close supporter of Stake DAO for more than a year. The FXS Liquid Locker was one of the first Lockers to be deployed. We rely on our sdFRAX3CRV as the backbone of the Stake DAO stables infrastructure. We also have synergy in our Derivatives vertical as the put strategy is built on the sdFRAX3CRV token. FRAX has shown continued support for Stake DAO in the early days of the Liquid Lockers by providing advice and being one of the first DAO to build on top of our CRV locker.
The bonds between FRAX and Stake DAO are now extremely strong, and it can only be beneficial to strengthen them further. Today, FRAX would like to lock their SDT on Stake DAO to be able to boost their voting power and vote for their pool on Curve.
FRAX wants to build a sdCRV position in the CRV Liquid Locker, which is what we have designed those lockers for. Therefore, it seems perfectly natural that FRAX should have whitelisted access.
Human resources: Minimal developer time needed
Treasury resources: No treasury resources needed
Update the SDT smart wallet whitelist
Admin: veSDT holders
Community feedback: 2 days minimum
Voting Duration: 3 days
- Yes, whitelist FRAX on Stake DAO
- No, reject the FRAX whitelist