FIP-41: LUSD Auction
Summary: Acquire 100M LUSD through a Balancer auction and supply to LUSD stability pool. This amount represents 8.5% of Fei PCV and 14% of LUSD total supply. Liquity is governance-free and has multiple decentralized front-end interfaces giving it more resilience and censorship resistance. It is very aligned with Fei in relation to decentralization.
Specification: Acquire 100M LUSD through a Balancer auction using 100M minted FEI. It is a similar process to the one used for TRIBE buybacks. The LUSD acquired will be deployed to Liquity’s Fuse pool. The initial 1M LUSD to seed the auction is acquired through a swap of freshly-minted FEI to LUSD in the Saddle D4 pool.
Forum discussion: https://tribe.fei.money/t/fip-41-acquire-lusd-through-a-balancer-auction/3602 Snapshot: https://snapshot.org/#/fei.eth/proposal/0x0e5f05a0c51938b904d9932849251ae920403b75301f90567da9d1ed857965c3
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xe0ac...BaCD52 | 10.081M | FOR |
 0x70b6...ddeCA9 | 5.114M | FOR |
 0x683a...D26C02 | 5M | FOR |
 0x458c...21730E | 3.5M | FOR |
 0x6ef7...5C6148 | 3M | FOR |
VOTE POWER
Proposal Status
- Thu November 11 2021, 07:37 amPublished Onchain0xe0ac...BaCD52
- Thu November 11 2021, 07:37 amVoting Period Starts
- Sat November 13 2021, 08:30 amEnd Voting Period
- Sat November 13 2021, 08:38 amQueue Proposal
- Sun November 14 2021, 09:07 amExecute Proposal
Current Results
1-FOR
31.695M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens