FIP-60: FeiRari Rewards Update

Summary:

Adjust TribalChief rewards to go directly to the FeiRari Fuse pool and include new incentivized assets in the pool.

Motivation:

After the FeiRari merger 7, we should look to deploy assets and incentives into Fuse wherever possible. One recommendation I’ve had for new DAOs is to use Fuse as their main rewards distribution platform because of how configurable and composable it is. Not to mention, it is incredibly useful for users to have capital efficiency on their reward positions for borrowing and leverage.

The goal of this proposal is to transition existing rewards and future rewards to the FeiRari pool wherever possible. This benefits both users and the protocol in many ways:

• Users get borrowable liquidity against yield positions
• Protocol gets FEI utilization + fees

We can even set up a “bond” like structure where the deposited tokens are redeposited through plugins to earn other protocol tokens for Fei Protocol. The prime example of this would be a CVX plugin where Fei pays out TRIBE for d3 token liquidity in Fuse and gets to keep any CRV/CVX yield it earns.

Proposal:

Add the following pools to FeiRari with TribalChief rewards:

• G-UNI FEI-DAI
• FEI-3CRV
• Any approved rewards from FIP-59

The rewards for new pools can be sent straight to FeiRari, whereas old pools may either use a plugin for backward compatibility or change-over.

These will have LTV of 60% and supply caps of 25m to be increased as they fill up with demand.

Voting Rules:

This is a binding, binary snapshot vote. The result will be enacted by Optimistic Approval. Quorum is 10M TRIBE.