PDP 34: Add mUSD/FEI Feeder Pool

Voting ended over 4 years agoSucceeded

Posted on behalf of the mStable ProtocolDAO

This forum post and MIP 18 proposes to add an mUSD/FEI Feeder Pool to mStable on Ethereum mainnet. FEI is an algorithmic stablecoin that is collateralized by PCV (Protocol Controlled Value) and is fully decentralised. The Fei Protocol primarily funds PCV via bonding curve FEI issuance. The bonding curve mints FEI in exchange for PCV at an oracle determined ETH exchange rate.

The addition of an mUSD/FEI Feeder Pool would allow users holding FEI to participate in the mStable’s ecosystem and benefit from seamless deposits directly into Save and withdrawals back into FEI. FEI has also a lending market on Aave V2 that could enhance the yield in the Feeder Pool.

Should the mUSD/FEI Feeder Pool be added to Ethereum mainnet?

Off-Chain Vote

For

7.19M 87.8%

Against

997.99K 12.2%

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Timeline

Oct 25, 2021Proposal created

Oct 25, 2021Proposal vote started

Oct 29, 2021Proposal vote ended

Jun 26, 2024Proposal updated