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Memo 0x6f932ef6…0ece69 on Ethereum

0x6ef71ca9…6148sent to0xe087f94c…579b·#13,044,752·view on Etherscan
FIP-10a: DAI Bonding Curve FIP-10a The following is a proposal to open a bonding curve for DAI, with a target scale and cap of 50M FEI, at a discount of 0.3%. This would add ~49.85M DAI to the PCV, and release up to 50M FEI into circulation. Possible intended future deployment (pending current & future code development and a vote) for this DAI are : - Providing liquidity in the Curve FEI metapool - Providing liquidity on Uniswap v3 against DAI - Deploying DAI to Aave, the FeiRari, or leaving it in Compound These deployments will have to be approved in a separate proposal, once we have acquired DAI in the PCV. This proposal is a prerequisite to any PCV action involving DAI. Waiting for the next vote(s), the DAI acquired will be temporarily deposited on Compound, yielding around ~3k DAI per day, plus ~1.5k$ of COMP per day at current rates. Bonding curve parameters : - Scale: 50M FEI - MintCap: 50M FEI - Pre-scale discount: 0.3% - Post-scale premium: 1% - Oracle: Chainlink DAI-USD (2% deviation threshold) - Keeper incentive amount: 100 FEI - Keeper incentive frequency: 604800s (1 week) - All of the DAI PCV raised will be deposited on Compound Snapshot : https://snapshot.org/#/fei.eth/proposal/QmTj5cnKb4guMdjQSNpXqu5VDti5RecRfr2LvyMUhjokyp Forum : https://tribe.fei.money/t/fip-10-curve-integration/3342/26 Pull request : https://github.com/fei-protocol/fei-protocol-core/pull/131
unknown sendersent to0xe087f94c…579b·#13,044,752·view on Etherscan
grantMinter(address)FIP-10a: DAI Bonding Curve FIP-10a The following is a proposal to open a bonding curve for DAI, with a target scale and cap of 50M FEI, at a discount of 0.3%. This would add ~49.85M DAI to the PCV, and release up to 50M FEI into circulation. Possible intended future deployment (pending current & future code development and a vote) for this DAI are : - Providing liquidity in the Curve FEI metapool - Providing liquidity on Uniswap v3 against DAI - Deploying DAI to Aave, the FeiRari, or leaving it in Compound These deployments will have to be approved in a separate proposal, once we have acquired DAI in the PCV. This proposal is a prerequisite to any PCV action involving DAI. Waiting for the next vote(s), the DAI acquired will be temporarily deposited on Compound, yielding around ~3k DAI per day, plus ~1.5k$ of COMP per day at current rates. Bonding curve parameters : - Scale: 50M FEI - MintCap: 50M FEI - Pre-scale discount: 0.3% - Post-scale premium: 1% - Oracle: Chainlink DAI-USD (2% deviation threshold) - Keeper incentive amount: 100 FEI - Keeper incentive frequency: 604800s (1 week) - All of the DAI PCV raised will be deposited on Compound Snapshot : https://snapshot.org/#/fei.eth/proposal/QmTj5cnKb4guMdjQSNpXqu5VDti5RecRfr2LvyMUhjokyp Forum : https://tribe.fei.money/t/fip-10-curve-integration/3342/26 Pull request : https://github.com/fei-protocol/fei-protocol-core/pull/131