FIP-37: TRIBE buybacks
Summary: Initialize TRIBE buybacks on a continuous weekly basis at 20% APR of protcol equity.
Proposal: Utilize new contracts to automatically and cyclically trigger auctions of newly minted FEI for TRIBE. The amount of FEI minted is calculated as 20% of protocol equity normalized to the period length of 1 week per year.
The proposal initializes the collateralization oracle keeper and guardian. The former is used to keep the collateralization oracle up to date, and the latter allows for the guardian to pause and semi-manually override the cached values.
It also seeds 111k FEI and 5k TRIBE for the first auction at a lower value as a capped launch.
Forum discussion: https://tribe.fei.money/t/fip-37-fei-v2-tribe-buybacks/3571 Code: https://github.com/fei-protocol/fei-protocol-core/blob/develop/proposals/description/fip_37.ts
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xe0ac...BaCD52 | 10.083M | FOR |
 0x107D...435A43 | 10.002M | FOR |
 0x66b9...E40B11 | 5.001M | FOR |
 0x7E74...6001D2 | 2.5M | FOR |
 0x4444...A57F99 | 1M | FOR |
VOTE POWER
Proposal Status
- Wed November 03 2021, 01:08 amPublished Onchain
0xb81c...d5D8bF - Wed November 03 2021, 01:08 amVoting Period Starts
- Fri November 05 2021, 02:23 amEnd Voting Period
- Fri November 05 2021, 03:04 amQueue Proposal
- Sat November 06 2021, 03:32 amExecute Proposal
Current Results
1-FOR
28.586M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens