Add FXS to Ethereum V3

Simple Summary

This publication presents the community with an opportunity to add FXS to the Ethereum Aave v3 Liquidity Pool.

Motivation

Frax Finance is a DeFi protocol that offers a stable protocol for issuing FRAX/FPI/frxETH and subprotocols such as Fraxlend, Fraxswap, and Fraxferry. The Frax Shares Token ($FXS) serves a dual role as both a governance token and a utility token.

The addition of FXS to Aave V3 represents the introduction of a new asset, encouraging the transition from Aave V2 to V3 and diversifying collateral assets for GHO. Furthermore, Aave DAO can utilize FXS obtained from the pool to kickstart the adoption of GHO and/or new aTokens.

Specification

The parameters shown below are supported by @Gauntlet Ticker: FXS Contract Adress: 0x3432B6A60D23Ca0dFCa7761B7ab56459D9C964D0 Chainlink Oracle: 0x6Ebc52C8C1089be9eB3945C4350B68B8E4C2233f

References

• Implementation: AaveV3Ethereum
• Tests: AaveV3Ethereum
• Snapshot
• Discussion

Copyright

Copyright and related rights waived via CC0.