DIP029 - Disabling Lending Support to FEI and GOLDx
Summary
It is proposed to disable dForce’s lending support (deposit and borrow will be disabled, but still can replay or withdraw) to FEI and GOLDx across all supported blockchains.
Motivation
Due to the challenging macro environment and the impact from Rari Capital’s Fuse hack, the Fei Labs now calls for support from the Tribe DAO to take a series of actions that are expected to close many of the risks that the Tribe DAO has faced, including the redemption of FEI at $1, distribution of DAO assets to all TRIBE holders through TIP-121 (TIP-121: Proposal for the future of the Tribe DAO - Proposals - Tribe (fei.money)).
Given the FEI decided to unwind their protocol, we propose to disable our support to FEI across our networks.
We also propose to disable dForce’s support to GOLDx across all supported networks due to limited utilization.
GOLDx is a synthetic gold token which is 100% backed by PAXG. Users can mint/redeem GOLDx from/for PAXG here.
Off-Chain Vote
Yes - Disable FEI and GOLDx
20.67M DF91.9%
Against - Do nothing
1.83M DF8.1%
Timeline
Aug 25, 2022Proposal created
Aug 25, 2022Proposal vote started
Aug 28, 2022Proposal vote ended
Oct 26, 2023Proposal updated