memoscan
← all memos

Memo 0xf69d7eec…979394 on Ethereum

_setReserveFactor(uint256)_setMintPaused(address,bool)# Risk Parameter Changes for FEI: Part 2 ## Simple Summary A proposal to adjust risk parameters for FEI as follows: * Pause cFEI minting. * Set reserve factor to 100%. ## Background Details are provided in the governance forum posts regarding [FEI](https://www.comp.xyz/t/deprecate-fei-market/3513). ## Motivation In light of Tribe DAO’s proposal to enter a terminal state, the FEI market on Compound should be deprecated. Pausing FEI supplying and setting a 100% reserve factor is the second step in winding down the FEI market. This will allow all borrowing positions to be immediately closed. To avoid having your position closed, we’d recommend FEI borrowers on Compound repay their positions as soon as possible. ## Specification - Sets the cFEI reserve factor to 100% by calling `_setReserveFactor` on the cFEI contract - Pauses supplying on cFEI by calling `_setMintPaused` on the Comptroller contract *By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.*