0xe0ac4559…cd52sent to0xe087f94c…579b·#12,788,145·view on Etherscan
FIP-12 Incentivize Saddle D4
This proposal allocates 2M TRIBE from the DAO Treasury for rewards to liquidity providers of the Saddle d4 pool. This is lower than the originally approved 5M TRIBE from snapshot, so that all 4 projects can match at the same approximate value.
The specific staking rewards contract to be used was developed by Frax Finance, and will allow stakers to earn all 4 governance tokens (TRIBE, FXS, ALCX, LQTY) simultaneously.
Benefits to the Tribe:
- Additional liquidity for FEI
- Peg support through StableSwap AMM
- Alignment with other decentralized stablecoins
- Reducing industry dependence on centralized stablecoins by providing liquidity between viable alternative stables
Forum discussion: https://tribe.fei.money/t/saddle-d4-tribe-rewards/3351