Can we do something about the FRAX/TEMPLE gauge? I feel like

Question

Can we do something about the FRAX/TEMPLE gauge? I feel like

protocol emissions are completely wasted on it considering the fact that nobody can add LP to it. Temple basically owns an isolated pool after they shut down their STAX product. They did a sneaky bait-and-switch to make people ragequit by first saying they will not bribe the pool anymore and then when everyone ragequitted suddenly they are bribing it in a large way again.

Since they have isolated the pool it no longer helps the FRAX supply grow, which really is the whole point of having an FXS gauge right?

#cryptocurrency #english #frax

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31.10.2023

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C2tP · Accepted Answer

C2tP

I'm not exactly sure on details but sounds like same kind of problem that crazy rebase tokens have where as a holder you would only stake for the rebase Apr cause it's insane and then the protocol becomes the only actual LP. Then you get inefficient incentives cause nothing makes them compete at market levels

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31.10.2023

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Can we do something about the FRAX/TEMPLE gauge? I feel like

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