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Quorum: 6.66m CVX
Authors: Mockingbird
Summary: This proposal introduces a one-time optional early exit program for the legacy crvUSD/L-FRAX Convex FRAX vault.
Eligible lockers may exit before lock expiry by paying a fixed 4% fee on the amount exited. The 4% fee is the sole economic condition of this optional early exit path.
This proposal applies only to this specific legacy vault.
Background & Motivation: The crvUSD/L-FRAX Convex FRAX vault is a legacy route after the FRAX to frxUSD stablecoin transition.
This case is specific because:
Long-duration locks were entered more than 2 years ago, before frxUSD existed as the supported successor route.
Returns were only reasonable during the first few months, then remained very low for a long period, and have been 0% since arou
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ID: proposal:convex-finance:0xed3e7c5eb5d7a2226b60e45f59597f9ec75733529da4874ad9d653898b3c1bb3
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