Fei Money

Summary Enter a strategic partnership with Volt Protocol and receive 6% of the VCON governance token supply. Provide liquidity support for Volt’s launch as well as long term cooperation and involvement in VCON governance.

Details Volt has identified Fuse as a primary mechanism for enhancing our initial liquidity. We will use a “VOLT Stable Swap Pool” that accepts exclusively VOLT as collateral and allows users to borrow other stable assets at affordable rates.

Given that FIP-39 has authorized up to $1m FEI for any verified Fuse pool, I feel $10m is a reasonable allocation for the Volt Stable Swap pool. Fei will be able to earn yield lending against VOLT, and we will be able to “piggyback” off the deeper FEI liquidity.

In the future, we hope to see Volt onboarded as part of Fei’s PCV, once a mutually agreed upon threshold of liquidity and history of price stability has been met. We can continue to discuss this and confirm plans in a future proposal.

Likewise, Volt Protocol will plan to incorporate Fei as part of its “surplus buffer”/PCV raised as part of an Olympus Pro bonding program. The form this takes will be confirmed in the future, and may include VOLT/FEI LP shares, fFEI from the Volt Stable Swap Pool, or other relevant asset.

Specifics Authorize OA to deploy up to $10m FEI into the Volt Stable Swap Fuse pool, subject to this pool’s configuration passing due diligence.

Commit to develop a framework for onboarding VOLT as PCV including thresholds of price stability and liquidity as well as any other requirements. Any such plan subject to approval in a future proposal.

Receive 6% of the VCON supply and embark on a long term partnership with Volt as a complementary offering in the decentralized credit stack.

Conclusion In the context of the likely Fei-Rari merger, there’s an opportunity to build an ecosystem of products that’s larger than the sum of its parts. I’m personally elated about the opportunity to become part of the Tribe. – onetruekirk.eth