TDP 28 - Fei Protocol & Ondo Finance LaaS Opportunity

Fei Protocol recently teamed up with Ondo Finance in order to introduce a Liquidity-as-a-Service model to the ecosystem, and it is proposed that the mStable Asset Management subDAO use this service in order to increase the liquidity of MTA via a protocol-owned MTA/FEI pool on Uniswap v2.

With the recent removal of the MTA/DAI position on Uniswap v3, there is now a lack of a stablecoin pairing for MTA to allow for easy swaps on Ethereum Mainnet, and it is suggested to take advantage of the offering from Fei Protocol & Ondo to create a new MTA/FEI pair on Uniswap v2.

A choice between 850,000, 1,000,000 and 1,250,000 MTA is proposed, which would be equally matched with FEI from Fei Protocol. It is proposed to source this liquidity by removing MTA from the existing MTA/BNT pair on Bancor (410k MTA), as well as utilize the BadgerDAO loan from the Funding subDAO that is due now (400k MTA), and source any remaining MTA directly from the mStable Treasury if required, which will depend on the MTA price at the time of deployment and winning vote.

This amount will also qualify mStable to receive additional TRIBE incentives from Fei Protocol, which would subsequently be deposited on their Rari Fuse Pool to then engage in further opportunities for the Asset Management subDAO while diversifying the treasury and building rapport with Fei Protocol for further mutually beneficial endeavours down the line.

This is a ranked choice voting. Each voter may select and rank any number of choices. Results are calculated by instant-runoff counting method.

Links

• RFC: Fei Protocol & Ondo Finance LaaS Opportunity
• Proposal: TDP 28
• Discussion: TDP 28 - Fei Protocol & Ondo Finance LaaS Opportunity

Should mStable engage Ondo Finance in this joint LaaS Opportunity with Fei Protocol to create the MTA/FEI pair on Uniswap v2 as specified in TDP 28?