Hi everyone,.

28 Sep 2022, 04:52

Hi everyone, We investigated the reports of increased gas for claiming certain staking pairs that use Fraxswap v1 LPs and found a small issue that increases gas over time on v1. In short, due to TWAMMs being permanently paused, the calculation for LPing in Fraxswap v1 increases over time to bypass the TWAMM code. This does not affect any Fraxswap v2 pairs and only affects FRAX-IQ v3, FRAX-SYN, and FRAX-pitchFXS. Due to this issue, the team has decided to unlock these pairs so that costs on claiming rewards+staking for LPs don't increase over time. We will deploy new v2 gauges for the same pairs over the next couple of weeks so that everyone can continue to stake+earn in the v2 system that has no gas cost issues. This also has the added benefit of fully migrating out of v1 and having TWAMMs enabled for those pairs+better routing+v2 features. Your funds are not at risk; however, the longer you wait to withdraw, the more your gas cost will be over time so it is recommended to withdraw your funds in FRAX-IQ V3, FRAX-SYN, and FRAX-pitchFXS V3 as soon as possible to avoid gas costs. We will refund gas costs for anyone affected by this as it is a small issue but we want to make sure no one is adversely affected even in terms of gas. Thanks for your understanding 🙂 tl;dr: No funds at risk. If you are an LP in FRAX-IQ V3, FRAX-SYN, or FRAX-pitchFXS v3 you should withdraw+remove liquidity at your earliest convenience so that we can migrate to new gauge contracts that use Fraxswap v2. Nothing else needs to be done.