Summary
Implement a new yield farming strategy from Convex (FRAX\USDC).
Proposal
Spools are created by building on the included set of potential yield strategies. With every additional strategy, the Spool toolbox gets larger and more attractive for new smart vault Creators from diverse backgrounds.
Therefore, with this vote the following new strategy shall be made possible for Smart Vault Creators to pick from:
Convex (FRAX\USDC)
The Convex FRAX\USDC strategy supplies USDC to the FRAX\USDC Curve Liquidity Pool and stakes the Liquidity Pool Tokens under Convex. The FRAX\USDC Curve Liquidity Pool is a pool consisting of FRAX and USDC. FRAX is a stablecoin partially backed by collateral deposits and partially stabilized algorithmically. For more info on FRAX visit their website (https://frax.finance/).
USDC stands for the chosen currency of the respective Spool.
The technical implementation of these strategies will be audited.
Vote
With “Yes” you vote to implement the Convex (FRAX\USDC) Strategy into Spool and increase the offering for new Smart Vault Creators, with “No” you vote against including this strategy.
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The vote takes place here
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Timeline:
Submission: 6. October 2022
Approval Period: 6. October - 9. October 2022