Proposal to Add Gauge for `CRV/frxUSD` Pool on Curve

Gauge Proposals
1

Summary

This proposal seeks to whitelist the CRV/frxUSD pool on Curve for gauge voting. Enabling this gauge will allow CRV emissions to flow into the pool, making it more attractive to liquidity providers and boosting its Total Value Locked (TVL), trading activity, and utility within both the Curve and Frax ecosystems.

Motivation

  • The CRV/frxUSD pool currently provides a solid base APY (~11%), but lacks gauge incentives and remains underutilized.
  • Both CRV (Curve DAO Token) and frxUSD (Frax’s stablecoin) are essential tokens within the DeFi ecosystem.
  • Incentivizing liquidity in this pool strengthens:
    • CRV liquidity and governance utility
    • frxUSD peg stability and Curve adoption
    • Fee generation, swap depth, and arbitrage opportunities

Specifications

  • Root Gauge has been deployed for this pool to support emissions on Fraxtal via the gauge controller.
  • Root Gauge Address: 0x46CEd23B82c6DB3A3c30B5Daa0003f751F5f99E3
  • This is the gauge address that should be referenced in any on-chain vote.

Benefits

  • Revives and boosts a high-yielding but underincentivized pool
  • Aligns Curve and Frax protocol incentives around stablecoin utility
  • Expands Curve’s Fraxtal deployment and adoption
  • Opens door for further Frax-side incentives (wFRAX, FXS) in parallel with CRV emissions

Additional Notes

This pool’s inclusion in Curve gauge voting would amplify the growing synergy between Curve Finance and Frax Finance. With governance support, CRV/frxUSD could become a high-volume, high-depth stablecoin hub on Fraxtal.