FIP: 107 Tribe Acquires OHM

Summary

The Protocol currently has an obligation to acquire $10m OHM as Olympus has generated 50m Fei demand per FIP-79 13. Recently Olympus exchanged 50m DAI for 50m FEI via the DAI PSM 3 which has helped tremendously to stabilize the FEI peg amidst recent market volatility. This could be done using ETH, DAI, or LUSD in a Balancer Liquidity Bootstrapping Pool.

Voting

Voting will decide to acquire the OHM and which asset to sell to do so.

The Snapshot vote will use approval style voting with the following options:

1. Sell ETH to acquire OHM
2. Sell DAI to acquire OHM
3. Sell LUSD to acquire OHM
4. Continue discussions