0x1ac28d98…cc39sent to0x40a2accb…130d·#14,973,626·view on Etherscan
We don't believe this is the proper use of PCV. Fei needs all the defenses necessary, and shouldn't be responsible for repaying the complete sum of Rari losses during an unprecedented market downturn. Rari positions carry smart contract risk, and while we believe in a future where Rari can provide compensation to users who lost out from a hack, it's an unwise choice to put the stable coin at risk for complete repayment. Falling collateralization to ~120% is not an option: Fei still has exposure to stEth, and repayement would primarily reduce exposure to stablecoins (90% -> 70%). This risk portfolio is not safe in any market, especially this one. We support alternative solutions to repay hack-affected users - such as a safety staking pool - but do not support the use of PCV to repay for the attack. Fei peg is of the highest priority to us.