I 100% support the allocation. Howeever, I do wonder if we might prefer to stake FRAX in Curve directly instead of with Convex. While this would have the obvious downside of having to allocate DAO resources to managing the claiming of CRV rewards and manually boosting the FRAX pool, it would also enable the DAO to participate in CRV governance.
I think we have all seen how beneficial our relationship with Sushi has been in terms of boosted Sushi rewards. If we take the long view, we could pursue a similar relationship with Curve and keep in mind that OHM could eventually be part of a Curve v2 pool like Tricrypto, and it will be beneficial to have a voice in that discussion when the time comes.
Again, I am 100% in favor of allocating FRAX to stake on Curve, but I think its worth considering managing the position ourselves directly instead of through Convex.