BB-FUSE-01: Add FEI for Borrowing
Note: We should probably come together on standardizing a listing process for our Fuse pool. I’m going off of how other lending protocols do it, but perhaps there’s a way to innovate here
This vote is to add the FEI stablecoin as an asset to the BarnBridge Fuse lending market.
The topic has been discussed both on the forum and the Discord’s governance channel.
FEI would be added with 0 LTV to begin with, allowing users to borrow it but precluding any of its depositors from receiving borrowing power for it for now. As we’ve all learned by now, this is standard practice for adding new (exogenous) assets to lending markets.
The FEI team has signaled that they will deposit up to $1M in FEI into the pool, should we move ahead with adding it as an asset. This could be critical in unlocking utility for the jTokens we’re planning on adding once they have secondary liquidity. A user could borrow against their jToken and go use it elsewhere, or re-enter into another jToken, looping the process multiple times over.
If you have any concerns, please share them in either the Discord or the Forum.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa8bF...219305 | 66,517 | Yes |
 0x74c2...E49599 | 17,713 | Yes |
 0x261F...39b04C | 13,055 | Yes |
 0xdDfd...d96a29 | 9,620 | Yes |
 0x66B2...4178DE | 2,872 | Yes |
VOTE POWER
Proposal Status
- Sun August 15 2021, 04:00 amVoting Period Starts
- Wed August 18 2021, 04:00 amEnd Voting Period
Current Results
1-Yes
127,473.763
2-No
2,673.937