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executedEnded 4 years ago Â·  Onchain

FIP-104: Reinforce PCV by consolidating assets and perform technical maintenance

By 0x64c4...359c5d

FIP-104: Reinforce PCV by consolidating assets and perform technical maintenance.

This FIP implements parts of the PCV reinforcement proposal that was approved in this snapshot: https://snapshot.fei.money/#/proposal/0x2fd5bdda0067098f6c0520fe309dfe90ca403758f0ce98c1854a00bf38999674 and discussed in this forum post: https://tribe.fei.money/t/fip-104-fei-pcv-reinforcement-proposal/4162?page=2

Specifically, it:

  • Liquidates the protocol’s DPI holdings to DAI using a Balancer LBP
  • Transfers the protocol’s CREAM holdings from the DAO timelock to the TribalCouncil multisig. The TribalCouncil will then liquidate the position on a DEX before returning the funds to PCV reserves

In addition, the FIP performs several technical maintenance tasks:

  • Add and remove the relevant PCV deposits from the Collaterization Oracle
  • Grant the TribalCouncil the role required to initiate the DPI LBP auction
  • Add the uniswapPCVDeposit and dpiToDai LBP swapper as Safe addresses so PCV can be moved there
  • Fix a bug in the NopeDAO configuration that previously set the voting period to 22 months rather than the expected 4 days
  • Fund the TribalCouncil with 10 Eth
  • Transfer 15,000 WETH from the DAO timelock to the aaveETHPCVDeposit
  • Invert oracle price on LBP swapper and initiate auction
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0
Votes 19
VoterCast PowerVote & Rationale
0x70b6...ddeCA9
5.114M

FOR

0x66b9...E40B11
5M

FOR

0x5eA4...70976F
3.529M

FOR

0xf8D0...5a28Ee
2.5M

FOR

0xe1A0...332d41
2.5M

FOR

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VOTE POWER
0
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Proposal Status
  • Thu May 19 2022, 09:44 pmPublished Onchain 0x64c4...359c5d
  • Thu May 19 2022, 09:44 pmVoting Period Starts
  • Sun May 22 2022, 12:25 amEnd Voting Period
  • Sun May 22 2022, 12:45 amQueue Proposal
  • Mon May 23 2022, 12:48 amExecute Proposal
Current Results

1-FOR

36.664M

2-AGAINST

N/A Tokens

0%

3-ABSTAIN

N/A Tokens

0%
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