Summary:
Proposal to add frxETH/WETH on Arbitrum pool to the Gauge Controller to enable users to assign gauge weight and mint CRV.
Pool/Token : 0x1DeB3b1cA6afca0FF9C5cE9301950dC98Ac0D523
Gauge: 0x46fec59eb30c2d610917ebf4ce5114f7425b2c4a
References/Useful links:
Website: https://frax.finance/
Documentation: https://docs.frax.finance/
Github Page: GitHub - FraxFinance/frax-solidity: Solidity implementation of the Frax Protocol
DefiLlama: https://defillama.com/protocol/frax-finance
Protocol Description:
Frax Protocol issues innovative, decentralized stablecoins and contains subprotocols to support them. The Frax Protocol currently issues 3 stablecoins: FRAX, FPI, and frxETH. The Frax Protocol also has 3 subprotocols within it that integrate its stablecoins: Fraxlend, Fraxswap, and Fraxferry.
Motivation:
Building upon our proven track record on the Ethereum Mainnet, where we have successfully maintained liquidity for the frxETH pairs, we aim to replicate this success on Arbitrum. The Curve Finance platform has been a valuable partner in our journey, and by expanding our footprint to Arbitrum, we want to extend the benefits of deep liquidity and efficient trading to the growing user base on this Layer 2 network.