[FIP - 446] Early withdrawal of stkcvxSTGFRAXBP and stkcvxCOILFRAXBP
AI summary
This proposal, FIP-446, suggests allowing early withdrawal from two specific liquidity pools on Convex Finance, stkcvxSTGFRAXBP and stkcvxCOILFRAXBP. The reason is that these pools are no longer providing significant rewards and are not aligned with Frax's long-term strategy. The proposal aims to encourage participants to move their funds into newer Frax initiatives, specifically frxUSD, to better support the Frax ecosystem.
If this proposal passes, participants in the two mentioned Convex pools will be able to withdraw their funds early, but they will incur a 4% early withdrawal fee. This benefits the Frax team by consolidating liquidity into newer, more strategic products like frxUSD, potentially boosting their incentives. Participants who withdraw will lose 4% of their funds but gain the flexibility to reallocate them.
Voting results
Votes over time
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🐳 Whale votes
2 votes > 5% VPFull proposal
Author: Dogw00d
This FIP is to pass an early withdrawal of the Convex pools stkcvxSTGFRAXBP and stkcvxCOILFRAXBP. Since December 2025 the rewards per period have been near zero with pools no longer serving the long term functionality of Frax.
Explanation
These pools per the roadmap of FRAX will continue to loose incentives. This does not serve the interest of the FRAX team and neither the investors who are considering reallocating to the proper mapping which will help boost FRAX's incentives.
Not only are these pools using LFRAX but there are no FXTL point incentives for providi…