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Memo 0x905b60c1…6c5752 on Ethereum

0xe0ac4559…cd52sent to0xe087f94c…579b·#12,472,373·view on Etherscan
FIP-3: Regular Reweights This proposal reinstates reweights on the FEI- ETH uniswap pair with a fixed cadence. We include the following parameter changes: Set reweight frequency to 4 hours Lower the min distance below peg for a reweight from 1% to 0.5% Lower reweight keeper reward to 200 FEI 4 Hour Frequency The fast, regular reweight cadence of 4 hours will help create a strong expectation that any deviations from the peg will soon be corrected by the protocol, and the mechanisms for this are robust and simple to understand. Having them throughout the day will ensure no geographical regions are given special advantage. Minimum Distance Below the Peg to 0.5% Lowering the minimum distance for a reweight to 0.5% fosters a tighter peg. Reweights could be triggered more frequently and at a lower cost to the protocol. Lowering Keeper Reward to 200 FEI Lowering the FEI reward to 200 allows the protocol to reduce FEI inflation on the reweights which could occur over 2 thousand times a year with the 4-hour cadence. The true number would likely be lower, as this assumes a reweight in every 4 hour interval. For more discussion see the forum: https://tribe.fei.money/t/fip-3-fixed-cadence-reweights/3201 Code: https://github.com/fei-protocol/fei-protocol-core/pull/96 Access Control Changes: Grant Minter and PCVController to 0x0760dfe09bd6d04d0df9a60c51f01ecedceb5132 (new controller) Revoke Minter and PCVController from 0x7a165F8518A9Ec7d5DA15f4B77B1d7128B5D9188 (old controller)
unknown sendersent to0xe087f94c…579b·#12,472,373·view on Etherscan
grantPCVController(address)grantMinter(address)revokePCVController(address)revokeMinter(address)setPCVDeposit(address)FIP-3: Regular Reweights This proposal reinstates reweights on the FEI- ETH uniswap pair with a fixed cadence. We include the following parameter changes: Set reweight frequency to 4 hours Lower the min distance below peg for a reweight from 1% to 0.5% Lower reweight keeper reward to 200 FEI 4 Hour Frequency The fast, regular reweight cadence of 4 hours will help create a strong expectation that any deviations from the peg will soon be corrected by the protocol, and the mechanisms for this are robust and simple to understand. Having them throughout the day will ensure no geographical regions are given special advantage. Minimum Distance Below the Peg to 0.5% Lowering the minimum distance for a reweight to 0.5% fosters a tighter peg. Reweights could be triggered more frequently and at a lower cost to the protocol. Lowering Keeper Reward to 200 FEI Lowering the FEI reward to 200 allows the protocol to reduce FEI inflation on the reweights which could occur over 2 thousand times a year with the 4-hour cadence. The true number would likely be lower, as this assumes a reweight in every 4 hour interval. For more discussion see the forum: https://tribe.fei.money/t/fip-3-fixed-cadence-reweights/3201 Code: https://github.com/fei-protocol/fei-protocol-core/pull/96 Access Control Changes: Grant Minter and PCVController to 0x0760dfe09bd6d04d0df9a60c51f01ecedceb5132 (new controller) Revoke Minter and PCVController from 0x7a165F8518A9Ec7d5DA15f4B77B1d7128B5D9188 (old controller)