0x64c4bffb…9c5dsent to0xd78cd3aa…9afb·#15,238,561·view on Etherscan
TIP-119: Collaterisation Oracle updates, Swap USDC, Perform FEI <> VOLT OTC
This proposal is a technical maintenance and cleanup proposal which performs
various updates to the Collaterisation Oracle so that it most accurately reflects
the current PCV holdings.
It also performs the FEI <> VOLT OTC swap, to allow the Volt team to repay their loan.
Forum post for Volt repaying their loan: https://tribe.fei.money/t/tip-xxx-accept-repayment-of-volt-launch-liquidity-backstop/4429
Specifically, it:
- Registers the gOHM USD oracle on the Collaterisation Oracle
- Adds the gOHM Holding PCV deposit to the Collaterisation Oracle.
Will contribute ~$1.5M to PCV equity
- Swaps the USDC held on the Tribal Council timelock for DAI, via the Maker PSM.
Sends it to the Compound DAI PCV deposit. Will contribute ~$1M to PCV equity.
- Fund the VOLT OTC escrow contract and swap 10M VOLT for 10.17M FEI. Burn the received FEI.
(https://tribe.fei.money/t/tip-xxx-accept-repayment-of-volt-launch-liquidity-backstop/4429)
- Remove VOLT holding deposit from CR
- Withdraws ~$50k ETH from Rari Fuse pool 146.
Adding these assets into the accounting through this proposal, will have the net effect
of increasing PCV equity by ~$2.5M.