FIP-28 Disable TRIBE borrowing and Add TRIBE to Snapshot

Forum Discussion: https://tribe.fei.money/t/fip-28-feirari-tribe-updates/3515

Summary:

Disable TRIBE borrowing on FeiRari (Pool 8) and allow Rari TRIBE to vote on snapshot.

Motivation:

Single-sided TRIBE staking rewards will be coming to FeiRari next week. This will represent a substantial amount of rewards, and likely drive over 50m TVL to the FeiRari pool.

This change will lead to some interesting behavior, such as making TRIBE cheap to borrow while subsidizing lending. This could lead to dangerous recursive leverage which reduces rewards for average users.

Proposal:

• Make TRIBE unborrowable on FeiRari
• Allow fTRIBE (FeiRari TRIBE) to vote on snapshot

These two changes will mitigate any risky behavior brought about by these new incentives, and simultaneously increase governance participation through snapshot.

Voting rules:

This is a non-binding single choice vote lasting 48 hours with the following options:

• Yes, disable TRIBE borrowing and enable voting
• No, do nothing

Quorum is 10M TRIBE. If the vote passes, fTRIBE snapshot voting will be enabled immediately, and disabling TRIBE will be sent to the DAO.