We are proposing to introduce gauges for the following pool:
If the vote is successful, those gauges will be eligible to be voted for on gauge weight vote and receive CRV from next Thursday midnight UTC.
Frax finance is a fractional-algorithmic stablecoin protocol. FRAX price performance from the inception has proved its stability to stick to the peg in comparison to other stablecoins. Frax has already gone through the expansion and contraction period with the respective swings in the ROI of the incentivized distribution programs (“yield farming”). However, it successfully resisted to the exiting supply pressure even having the Uniswap as the main trading venue. It was due to the sufficient share of users having locked their LP tokens for long-term period and contribute to the protocol on the daily basis.
LUSD is a fully decentralized stablecoin backed by ETH as collateral. It is generated when users open a Trove in the Liquity system and borrow against their ETH (akin to MakerDAO). All Troves must maintain a minimum collateral ratio of 110%, ensuring that LUSD is sufficiently backed by collateral.
Website - https://frax.finance/
Github - https://github.com/FraxFinance/frax-solidity
Contract address - 0x853d955acef822db058eb8505911ed77f175b99e
Audits - https://www.certik.org/projects/fraxfinance
Website - https://www.liquity.org/
Github - https://github.com/liquity/liquity
Contract address - 0x5f98805A4E8be255a32880FDeC7F6728C6568bA0
Audits - https://docs.liquity.org/documentation/resources
Vote here (30% quorum required): https://dao.curve.fi/vote/ownership/43