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FeiFeiby0x6ef71cA9cD708883E129559F5edBFb9d9D5C6148eswak.eth

TIP-111: Increase FEI Stable Backing to 90-100%

Voting ended over 3 years agoSucceeded

This snapshot vote is following numerous discussions on the Fei forums over the last month to increase the Stable Backing (% of stable assets in the PCV) of the FEI stablecoin.

For a full details of the rationale & execution plan, please refer to this forum post : https://tribe.fei.money/t/tip-111-increase-stable-backing-of-fei/4280/19

This Snapshot will be used to gauge the stakeholder's sentiment about bringing the stable backing of FEI to 90-100% over the next 2 weeks, through a combination of Guardian and Tribal Council actions, by selling large amounts of ETH from the PCV to DAI.

This is NOT a binding vote, the execution will have to be approved by Tribal Council and Guardian multisig signers, but this Snapshot will be used to gauge the sentiment of a larger audience (and if it is positive, the Tribal Council and Guardian can take action with less risk to be contested).

Off-Chain Vote

Proceed as outlined
35.36M TRIBE94.6%
More discussions needed
2M TRIBE5.4%
Quorum:374%
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Discussion

FeiTIP-111: Increase FEI Stable Backing to 90-100%

Timeline

Jun 11, 2022Proposal created
Jun 11, 2022Proposal vote started
Jun 13, 2022Proposal vote ended
Oct 26, 2023Proposal updated