GFX supports this proposal. FRAX has shown itself to be active in positive-sum, collaborative relationships. Also – and GFX does not say this lightly – FRAX as a stablecoin has become a serious challenger to DAI.
The above is not a small thing. Coupled with Frax’s consistently proffered open hand to partner with protocols large and small, and the relative disinterest from Maker, it makes a lot of sense to support FRAX as the third-to-fourth major stablecoin on Arbitrum. If nothing else, their PR machine can scream Arbitrum’s name and its extensive community be migrated to or further exposed to Arbitrum and the protocols available here.
GFX contributed to helping the applicant tailor this proposal to increase the number of users and amount of assets interacting with Arbitrum