Compound

Simple Summary

A proposal to adjust risk parameters for FEI as follows:

• Pause FEI borrowing.
• Set reserve factor to 99%.

Background

Details are provided in the governance forum posts regarding FEI.

Motivation

In light of Tribe DAO’s proposal to enter a terminal state, the FEI market on Compound should be deprecated. Pausing FEI borrowing and setting a high reserve factor is the first step in winding down the FEI market.

Specification

• Sets the cFEI reserve factor to 99% by calling _setReserveFactor on the cFEI contract
• Pauses borrowing on cFEI by calling _setBorrowPaused on the Comptroller contract, passing the cFEI address and true

By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.