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FeiFeiby0x6ef71cA9cD708883E129559F5edBFb9d9D5C6148eswak.eth

FIP-52: Increase DAI PCV allocation

Voting ended about 4 years agoSucceeded

Summary

Change the DAI bonding curve parameters to get 50M more DAI in the PCV.

Motivation / Background

We are at a healthy CR of ~300%, but that may change in the future if a bear market comes or if the merge happens and a lot of large TRIBE holders ragequit. To be on the safe side, I’d suggest we get more stablecoins in the PCV, while the protocol is so healthy.

Specification

Current DAI bonding curve parameters :

  • mintCap = 150M
  • scale = 100M
  • discount = 0%
  • buffer = 1%

Change to :

  • mintCap = 160M
  • scale = 150M
  • discount = 0%
  • buffer = 0.2%

Off-Chain Vote

For
12.8M 70.2%
Against
5.43M 29.8%
Abstain
0 0%
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Timeline

Dec 06, 2021Proposal created
Dec 06, 2021Proposal vote started
Dec 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated