FIP-40: Change TRIBE LTV in Rari Fuse Pool to 80%

Voting ended over 4 years agoSucceeded

Forum Thread https://tribe.fei.money/t/fip-xx-change-tribe-ltv-in-rari-fuse-pool-to-80/3607

Summary

Change the LTV (Loan to Value) ratio on TRIBE on Rari Capital Fuse Pool #8 “FeiRari” to 80%, from 65%.

Motivation

The Rari Capital Fuse pool has proven to be an extremely useful tool for TRIBE holders looking to leverage their TRIBE holdings to purchase more TRIBE, short ETH/DAI/FEI, or invest their borrowed funds elsewhere. This has been proven by 112M worth of TRIBE being deposited into the Rari pool. However, TRIBE has a 15% lower LTV ratio than ETH, DAI, and FEI. Increasing this ratio to 80% provides additional utility to TRIBE holders and increases TRIBE buy pressure, offsetting LM (liquidity mining) costs.

Specification

Change the LTV ratio on TRIBE in Rari Capital Fuse Pool #8 to 80%.

Off-Chain Vote

80% LTV

15.4M 21.5%

75% LTV

29.04M 40.4%

70% LTV

22.24M 31%

Do nothing

5.12M 7.1%

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Timeline

Nov 03, 2021Proposal created

Nov 03, 2021Proposal vote started

Nov 06, 2021Proposal vote ended

Oct 26, 2023Proposal updated