CR and pump the price of FXS at the same time. Whats the delay?
Yep, I'm 100% in favour of this 👆 I'm curious if there's some hard reason for a delay, otherwise it looks like a low hanging fruit.
Anybody can put a proposal up.
Exactly, that’s why we need to switch the fee mechanism asap, the bleeding won’t stop
Wen
Now https://gov.frax.finance/t/fip-338-re-activate-fee-switch/2950
This is great timing for this ser. I'm working on a proposal called "Frax Singularity" (which combines all of our moving parts into 1 unifying vision). I've been listening and working on addressing all recent concerns people have about tokens, FPIS, points, FXS etc into a unifying singular vision to bring it all together, give leadership+direction and define how we get there as a team and community. The fee switch proposal is one piece of Frax Singularity so it's nice to have an independent thread to discuss it. Be on the lookout for a huge new proposal by me that will address what everyone has wanted and provide unifying direction & full sense of purpose and utility.
Bravo, Westwood.
The problem with one fat proposal is the same as an omnibus bill It allows junk in to make bigger items pass Great for blasted governments and bloated governance but I think you can just do 5split proposals and have snapshot concurrent or some consecutive if there's some path dependency But it's hard to make everyone agree on ten things in one then the only way it passes if it's crammed through
we already arguing about the proposal before its even proposed now?
sam when is this proposal going to happen? there seems to be a lack of urgency despite fragmented understanding of frax by even people who participate in frax and fraxtal
Looking forward to the proposal @samkazemian !
You've mentioned 99.8% CR but at this moment, it is 98.3%. My Q. here is why the CR is constantly fluctuating and decreasing. Good to know some insights on this from the team too.
because not all assets have stable price in the treasury. some are eth
so this is due to the price fluctuation on ETH?
Also crv and cxv
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