FIP-40: Change TRIBE LTV in Rari Fuse Pool to 80%
Forum Thread https://tribe.fei.money/t/fip-xx-change-tribe-ltv-in-rari-fuse-pool-to-80/3607
Summary
Change the LTV (Loan to Value) ratio on TRIBE on Rari Capital Fuse Pool #8 “FeiRari” to 80%, from 65%.
Motivation
The Rari Capital Fuse pool has proven to be an extremely useful tool for TRIBE holders looking to leverage their TRIBE holdings to purchase more TRIBE, short ETH/DAI/FEI, or invest their borrowed funds elsewhere. This has been proven by 112M worth of TRIBE being deposited into the Rari pool. However, TRIBE has a 15% lower LTV ratio than ETH, DAI, and FEI. Increasing this ratio to 80% provides additional utility to TRIBE holders and increases TRIBE buy pressure, offsetting LM (liquidity mining) costs.
Specification
Change the LTV ratio on TRIBE in Rari Capital Fuse Pool #8 to 80%.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xe0ac...BaCD52 | 10.083M | 70% LTV, 75% LTV |
 0xD2ac...509C19 | 5.219M | 80% LTV, 75% LTV |
 0x70b6...ddeCA9 | 5.114M | Do nothing, 70% LTV |
 0x66b9...E40B11 | 5.001M | 70% LTV, 75% LTV, 80% LTV |
 0x7E74...6001D2 | 2.51M | 75% LTV |
VOTE POWER
Proposal Status
- Wed November 03 2021, 09:00 pmVoting Period Starts
- Sat November 06 2021, 09:00 pmEnd Voting Period
Current Results
1-75% LTV
29.042M
2-70% LTV
22.24M
3-80% LTV
15.404M