Fei Money

TIP-112: Fuse Repayment

Summary: Whitelists the “Fuse Repayment Contract” as a safe PCV address for the Guardian to repay.

Proposal:

The community has signaled support for a PCV repayment of the Fuse exploit in a previous snapshot.

This proposal provides some technical details and associated timelines.

First, the strategy for repayment will be staged by asset.

Repayment order will be assets currently in PCV first (RAI, DAI, FEI, ETH, LUSD), then external assets after associated conversions (USDC, USDT, FRAX). Both categories will be sorted by the smallest repayment amount first.

For assets currently in PCV, the capital will be sourced from the most liquid deposit of that type.

The proposal simply whitelists the repayment contract as a safe address for new PCV to be transferred in by the Guardian to repay. If any tokens remain in the contract after repayment, they can be withdrawn back into PCV.

In terms of timelines, it would take 1-2 days to repay assets in PCV, and up to a week to source the non PCV assets from proposal execution.

Voting options are YES, whitelist the fuse repayment contract and begin immediate full repayment, and NO, do not whitelist the fuse repayment contract and begin immediate full repayment.