[Frax] [FIP - 446] Early withdrawal of stkcvxSTGFRAXBP and stkcvxCOILFRAXBP
AI summary
This proposal, FIP-446, suggests allowing early withdrawal from two specific investment pools, stkcvxSTGFRAXBP and stkcvxCOILFRAXBP, within the Frax ecosystem. The reason is that these pools are no longer generating significant rewards and are not aligned with Frax's current strategy, which includes a new token. Investors would pay a 4% fee to withdraw early.
If passed, investors in these two pools can withdraw their funds early, incurring a 4% fee, and potentially reallocate them to Frax's new token. This benefits Frax by consolidating liquidity and investors by allowing them to move out of underperforming assets, though they will pay a fee.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Quorum: 10% veCLEV
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…