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Memo 0x7f8db4d7…c27d49 on Ethereum

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.
unknown sendersent 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.