Project presentation:
Protocol name: FRAX
Audits: Frax - CertiK Security Leaderboard
Twitter: https://twitter.com/fraxfinance
Telegram : Telegram: Contact @fraxfinance
Summary:
We propose to add the FRAXUSDC curve strategy in the SDT gauge to boost the strategy’s APR with SDT.
Rationale:
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. 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.
FRAX has deployed a new curve pool built only on FRAX and USDC. This pools aims to be the biggest curve pool in term of TVL in Curve Finance. It will be beneficial for StakeDAO to boost the APR on this pool to attract a big portion of the LP tokens.
Means:
Human resources: Minimal developer time needed
Treasury resources: No treasury resources needed
Technical Implementation:
Add FRAXUSDC strategy in the SDT gauge
Proposal specifications:
Admin: veSDT holders
Community feedback: 2 days minimum
Voting Duration: 2 days
Voting Options:
- Add FRAXUSDC strategy to the SDT gauge
- No, reject the SD boosting
- Abtain
0 voters