Gearbox has gotten noticeable traction after the launch of Leverage Ninja mode. FRAX related assets have become the most popular since then with more than $25M worth of FRAX/3CRV and $4M worth of FRAX/USD convex/curve pools* which makes it reasonable to consider adding a separate Gearbox FRAX pool in order to increase available liquidity and decrease liquidation risks at the same time.
Taking into account the popularity of FRAX related assets as well as recent proposal from the FRAX community to seed FRAX pool with 2M FRAX**, I propose to create a new pool: FRAX 0x853d955aCEf822Db058eb8505911ED77F175b99e with the same parameters as for the USDC and DAI pools (100k min borrow and 1M max borrow). This would help to attract liquidity from FRAX holders and also allow less risky FRAX borrowing and bigger leverage when using FRAX as collateral.
Set up Asset LTs for FRAX pool as below:
|Token||FRAX pool LT (%)|
GEAR liquidity mining incentives shall be discussed and voted in a separate proposal.
*Check assets stats on the Gearbox Dune Dashboard Gearbox Protocol Dashboard and the Gearbox Credit Accounts Report Gearbox Credit Accounts
**Snapshot voting on FRAX proposal