FIP-34: Optimistic Minter
Summary:
Grant optimistic approval the rate limited ability to mint FEI, to continue to fund DAO operations like FIP-13 lending deployments and potentially Liquidity-as-a-Service
Motivation:
Instead of continually going back to the DAO to ask for more funding, Fei Protocol can deploy a contract which allows the OA timelock to mint FEI periodically with a hard rate limit on the amount minted. These mintings will still be subject to the 4 day timelock, but would not require governance intervention.
Proposal:
Deploy a RateLimitedMinter for Optimistic Approval which can mint up to 100M FEI per month, for operational usage strictly to be authorized by TRIBE holders via snapshot. This includes frameworks such as FIP-13 and potentially LaaS.
In addition to veto protection by DAO and guardian, the rate limit will be enforced in code to prevent excessive malicious minting.
Voting rules
This is a non-binding, binary signalling vote with 2 options:
- Yes, add Optimistic Minter
- No, do nothing
Quorum is 10M TRIBE. If the vote passes, it will be submitted on-chain.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xe0ac...BaCD52 | 10.083M | Yes, add Optimistic Minter |
 0x70b6...ddeCA9 | 5.114M | Yes, add Optimistic Minter |
 0x7E74...6001D2 | 2.51M | Yes, add Optimistic Minter |
 0x6ef7...5C6148 | 2.503M | Yes, add Optimistic Minter |
 0xb81c...d5D8bF | 2.5M | Yes, add Optimistic Minter |
VOTE POWER
Proposal Status
- Fri October 22 2021, 05:00 pmVoting Period Starts
- Sun October 24 2021, 05:00 pmEnd Voting Period
Current Results
1-Yes, add Optimistic Minter
28.874M