FIP-73 cont: FEI Peg Policy Changes
Summary:
Continue “Contractionary Monetary Policy” for Fei Protocol with some FEI policy changes to bolster the FEI peg and protect PCV.
Motivation:
See https://tribe.fei.money/t/fei-peg-policy-changes/3906 for details on the actions already taken.
This proposal will authorize further actions to contract the FEI supply and increase demand.
Proposal:
Swap 20m LUSD for DAI (to Compound) and whitelist conversion for PCV Guardian Withdraw FEI from Fuse positions until utilization is 80% Withdraw all FEI from Idle, Barnbridge and Visor Withdraw and redeem agEUR
All withdrawn FEI will be burned
Voting Rules:
This will be a binding, approval style snapshot. Each option above will be voted on independently, and options with more approval than disapproval which exceed 10M TRIBE quorum will be enacted through the Optimistic Timelock.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xe0ac...BaCD52 | 10.042M | Yes Swap LUSD for DAI, Yes withdraw FEI from Fuse <80%, Yes withdraw Idle, BB, Visor, No, don't withdraw agEUR |
 0x70b6...ddeCA9 | 5.114M | Yes Swap LUSD for DAI, Yes withdraw Idle, BB, Visor, No, don't withdraw agEUR, No don't withdraw Fuse |
 0x6ef7...5C6148 | 3M | Yes Swap LUSD for DAI, Yes withdraw FEI from Fuse <80%, Yes withdraw Idle, BB, Visor, No, don't withdraw agEUR |
 0x7E74...6001D2 | 2.514M | Yes withdraw Idle, BB, Visor, Yes Swap LUSD for DAI, No, don't withdraw agEUR, Yes withdraw FEI from Fuse <80% |
 0xf8D0...5a28Ee | 2.5M | Yes Swap LUSD for DAI, Yes withdraw Idle, BB, Visor, No, don't withdraw agEUR, No don't withdraw Fuse |
VOTE POWER
Proposal Status
- Sun January 23 2022, 08:00 pmVoting Period Starts
- Tue January 25 2022, 08:00 pmEnd Voting Period
Current Results
1-Yes Swap LUSD for DAI
28.814M
2-Yes withdraw Idle, BB, Visor
28.804M
3-No, don't withdraw agEUR
27.785M