PDP 20: Extend buyback and make to Feeder Pools

Posted on behalf of the mStable ProtocolDAO

This forum post and this MIP 10 detailed the extension of the Buyback&Make strategy to the Feeder Pools.

With this PDP the mStable ProtocolDAO proposes to redirect a percentage of the system fees from the Feeder Pools to the Buyback&Make pool with the initial magnitude of 10%.

The system fees have been enabled for other parts of the mStable ecosystem with an earlier proposal (PDP 15 / MIP 8). This addition of the system fees to Feeder Pools is a rational step in order to include all parts of mStable into the generation of revenue and to further increase the reflexivity of the MTA token value, boosting APY% and in turn, incentivizing higher liquidity.

Should the system fees be enabled for the Feeder Pools with the initial magnitude of 10% and redirected to the Buyback&Make pool?