• © Goverland Inc. 2026
  • v1.0.5
  • Privacy Policy
  • Terms of Use
FeiFeiby0x6ef71cA9cD708883E129559F5edBFb9d9D5C6148eswak.eth

FIP-53: Farm d3pool on Convex

Voting ended about 4 years agoSucceeded

Summary

This proposal mints 50M FEI to deposit in the Curve d3pool (FRAX, FEI, alUSD), and stake the LP tokens on Convex to earn CRV & CVX rewards (currently ~25% APR).

Motivation / Background

See the post "FIP-53: Enter the Curve Wars" on the forum for full context : https://tribe.fei.money/t/fip-53-enter-the-curve-wars/3715

This proposal would be the first integration of Fei Protocol with the Curve / Convex ecosystems, and would be our first step in farming CRV and CVX tokens.

This would also increase the liquidity of FEI against other decentralized stablecoins such as FRAX and alUSD.

Specification

We can execute everything in one transaction, directly in the proposal. The DAO Timelock will mint itself 50M FEI, deposit in the d3pool, and then stake the LP tokens on Convex.

Off-Chain Vote

For
18.34M 100%
Against
0 0%
Abstain
0 0%
Download mobile app to vote

Timeline

Dec 06, 2021Proposal created
Dec 06, 2021Proposal vote started
Dec 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated