Proposal to add the cvxFXS/FXS pool to the Gauge controller to enable users to assign a gauge weight and mint CRV.
Github Page: https://github.com/convex-eth/platform
Discord: Convex Finance
Convex Finance is a boosting service which uses locking tokens, such as veCRV, and allows users to rent boost weight by staking under a common address.
Convex is now expanding to include Frax Finance’s governance token, veFxs. We have launched a corresponding derivative token cvxFxs and now are seeking a position on the gauge controller so that the pool can mint CRV and CVX rewards.
This pool utilizes the new Curve v2 pools (crypto assets) instead of the normal stableswap. Michael from Curve simulated, based on cvxCRV data, pool parameters which look promising. On top of being able to use the TWAP oracle of the pool, this should be interesting data for curve and how a crypto pool handles soft pegged assets.
Pool was seeded with about 250,000 fxs and cvxfxs (~$5m if equal price)
Vote: DAO Proposal