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Gearbox · closed proposal
[GIP-289] Convert Treasury ETH into sfrxETH
Voters
14
GEAR voted
358.87M
Token price
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AI summary
Summary pending — generation runs every 15 minutes.
Voting results
Quorum
358.87M / 200.00M GEAR(179%)
✓ Quorum met
For358.87M (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
358.87M GEAR · 14 votersblock 25777120
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
9 votes > 5% VP0x630d…93a5
20d ago · voted For
71.3%
148.10M VP
0xb9b7…ceea
20d ago · voted For
26.3%
74.01M VP
0x6d52…a2d7
19d ago · voted For
15.0%
53.91M VP
0xaa16…6c17
20d ago · voted For
19.3%
40.00M VP
0xf3d4…d89e
20d ago · voted For
7.6%
23.17M VP
0x4756…7840
21d ago · voted For
94.1%
18.26M VP
0xb3bf…6ce4
21d ago · voted For
50.3%
579.90K VP
0x4fff…ba70
21d ago · voted For
43.3%
500.00K VP
0x659f…dadc
21d ago · voted For
6.0%
69.48K VP
Full proposal
Original markdown · Gearbox
Summary
Convert 300 WETH held by the Gearbox DAO treasury into sfrxETH to generate staking yield and strengthen alignment between Gearbox and Frax.
Context
Frax’s FIP-450 proposes adding the Gearbox Institutional RWA Market to the sfrxUSD strategy whitelist with a $5 million allocation cap.
The proposal also describes a Gearbox alignment commitment involving converting ETH into sfrxETH.
Motivation
The ETH currently held by the treasury does not generate staking yield. sfrxETH is F…
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