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FeiFeiby0x4e474B76C3F09dfF4cC493802462E780C65154490x4e47…5449

FIP-73 cont: FEI Peg Policy Changes

Voting ended about 4 years agoSucceeded

Summary:

Continue “Contractionary Monetary Policy” for Fei Protocol with some FEI policy changes to bolster the FEI peg and protect PCV.

Motivation:

See https://tribe.fei.money/t/fei-peg-policy-changes/3906 for details on the actions already taken.

This proposal will authorize further actions to contract the FEI supply and increase demand.

Proposal:

Swap 20m LUSD for DAI (to Compound) and whitelist conversion for PCV Guardian Withdraw FEI from Fuse positions until utilization is 80% Withdraw all FEI from Idle, Barnbridge and Visor Withdraw and redeem agEUR

All withdrawn FEI will be burned

Voting Rules:

This will be a binding, approval style snapshot. Each option above will be voted on independently, and options with more approval than disapproval which exceed 10M TRIBE quorum will be enacted through the Optimistic Timelock.

Off-Chain Vote

Yes Swap LUSD for DAI
28.81M 25%
No Don't Swap LUSD for DAI
1 0%
Yes withdraw FEI from Fuse <80%
21.17M 18.4%
No don't withdraw Fuse
7.79M 6.7%
Yes withdraw Idle, BB, Visor
28.8M 25%
No keep Idle, BB, Visor
0 0%
Yes, withdraw agEUR
1.02M 0.9%
No, don't withdraw agEUR
27.79M 24.1%
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Timeline

Jan 23, 2022Proposal created
Jan 23, 2022Proposal vote started
Jan 25, 2022Proposal vote ended
Oct 26, 2023Proposal updated