0xe0ac4559…cd52sent to0x0bef27fe…7494·#13,593,616·view on Etherscan
FIP-41: LUSD Auction
Summary:
Acquire 100M LUSD through a Balancer auction and supply to LUSD stability pool. This amount represents 8.5% of Fei PCV and 14% of LUSD total supply.
Liquity is governance-free and has multiple decentralized front-end interfaces giving it more resilience and censorship resistance. It is very aligned with Fei in relation to decentralization.
Specification:
Acquire 100M LUSD through a Balancer auction using 100M minted FEI. It is a similar process to the one used for TRIBE buybacks.
The LUSD acquired will be deployed to Liquity's Fuse pool.
The initial 1M LUSD to seed the auction is acquired through a swap of freshly-minted FEI to LUSD in the Saddle D4 pool.
Forum discussion: https://tribe.fei.money/t/fip-41-acquire-lusd-through-a-balancer-auction/3602
Snapshot: https://snapshot.org/#/fei.eth/proposal/0x0e5f05a0c51938b904d9932849251ae920403b75301f90567da9d1ed857965c3