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FeiFeiby0x4e474B76C3F09dfF4cC493802462E780C65154490x4e47…5449

FIP-104 FEI/PCV Reinforcement Proposal

Voting ended over 3 years agoSucceeded

Summary

This proposal will focus specifically on the ways FEI protocol can become more resilient such as increasing stable backing and contracting FEI supply

Forum discussion: https://tribe.fei.money/t/fip-104-fei-pcv-reinforcement-proposal/4162

Increase Stable backing

  1. Sell all DPI to DAI
  2. Sell all CREAM to ETH (because this is the only available market)
  3. Petition Frax to OTC 30m FEI for 30m FRAX to increase stable backing.
  4. Sell 20m LUSD into DAI

Contract FEI supply

  1. Withdraw 30m from d3
  2. Withdraw 3m from Compound
  3. Withdraw 6m FEI from Aave
  4. Withdraw FEI from float, troopers Garage, NFTX, and barnbridge Fuse pools (~500k combined).

Off-Chain Vote

Yes, reinforce PCV
15.11M TRIBE100%
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0 TRIBE0%
Quorum:151%
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Discussion

FeiFIP-104 FEI/PCV Reinforcement Proposal

Timeline

May 07, 2022Proposal created
May 08, 2022Proposal vote started
May 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated