Fei Money

Proposal

This snapshot is a non-binding signal vote for the PCV Consolidation step of TIP-121

In order for the community to make specific decisions on different treatment of PCV assets, this vote is multiple choice with a binary option to keep/sell each of:

• ~50,000 stETH
• 21,754 ETH
• 18,751,529 LUSD
• All protocol FEI (withdraw and burn not sell)
• All remaining gov tokens (except gOHM)

gOHM could use the snapshot approved FIP-108 and the OTC unwind would be included in the first consolidation on-chain DAO vote.

All options that are voted to be sold would also be included in the subsequent consolidation DAO vote except for:

• “All remaining gov tokens”
• stETH

If “explore OTC options for remaining gov tokens” passes, we would invite any community quotes for each position of veBAL, FOX, LQTY, INDEX, vlAURA, veANGLE. We can then have a subsequent snapshot next week to decide how to treat each specifically.

If “sell stETH” passes, due to liquidity constraints there should be a subsequent discussion on execution parameters such as a floor sale price relative to ETH and expected timelines.

ETH and LUSD would use a 2-day Balancer LBP sale into DAI. Withdrawing protocol FEI would use a “withdraw as much as possible when liquidity available” algorithm.

Voting rules:

This is a non-binding multiple-choice signal vote. Each of the binary keep/sell pairs above would be included. The larger option which also reaches 10M TRIBE quorum would proceed as outlined in the snapshot proposal.