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Memo 0x859871d1…a70a65 on Ethereum

0x64c4bffb…9c5dsent to0xd78cd3aa…9afb·#14,917,005·view on Etherscan
FIP-104: Set TRIBE incentives to 0 across all deposits. Proposal As mentioned in FIP-104 11, the Tribe DAO should be cutting costs where possible and preserving equity. By setting TRIBE incentives to zero, the DAO would recover this primary cost going forward. Currently, TRIBE incentives fall into 3 categories: Single-sided TRIBE Stableswap liquidity Bribes For single sided TRIBE staking, this is largely unnecessary as it does not secure the protocol in any way. That TRIBE would do better to remain in the treasury. These incentives were pointed to Fuse pool 8, but has increased smart contract risk and reduced optionality for users. For stableswap liquidity, the protocol could market-make AMMs using PCV without the need for high cost incentives. There are currently 10M FEI incentivized in Uniswap v3 at over a 20% APR of TRIBE incentives. There are 25M FEI on Curve at a 12% APR. We can also use our veBAL to incentivize FEI liquidity without spending TRIBE. Lastly, Bribes on Convex are no longer profitable as yields have collapsed, so this cost should be cut as well. If approved, the Guardian would be used to deprecate incentives upon snapshot result.
unknown sendersent to0xd78cd3aa…9afb·#14,917,005·view on Etherscan
FIP-104: Set TRIBE incentives to 0 across all deposits. Proposal As mentioned in FIP-104 11, the Tribe DAO should be cutting costs where possible and preserving equity. By setting TRIBE incentives to zero, the DAO would recover this primary cost going forward. Currently, TRIBE incentives fall into 3 categories: Single-sided TRIBE Stableswap liquidity Bribes For single sided TRIBE staking, this is largely unnecessary as it does not secure the protocol in any way. That TRIBE would do better to remain in the treasury. These incentives were pointed to Fuse pool 8, but has increased smart contract risk and reduced optionality for users. For stableswap liquidity, the protocol could market-make AMMs using PCV without the need for high cost incentives. There are currently 10M FEI incentivized in Uniswap v3 at over a 20% APR of TRIBE incentives. There are 25M FEI on Curve at a 12% APR. We can also use our veBAL to incentivize FEI liquidity without spending TRIBE. Lastly, Bribes on Convex are no longer profitable as yields have collapsed, so this cost should be cut as well. If approved, the Guardian would be used to deprecate incentives upon snapshot result.