FIP-6 Fei-Rari Integration
AI summary
This proposal suggests that the Fei DAO take over administrative control of a specific lending pool on Rari Capital called "Tetranode's Flavor of the month." The DAO would then deposit 10 million FEI, which is Fei's stablecoin, into this pool to encourage borrowing and lending activity. This 10 million FEI would stay in the pool for at least nine months.
If this passes, the Fei DAO gains control over a key lending pool, allowing it to integrate future Protocol Controlled Value (PCV) assets and potentially generate yield for FEI holders and cash flow for TRIBE token holders. The DAO would be minting 10 million FEI to fund this, which could subsidize borrowing rates but also exposes the DAO to potential risks associated with lending. The principal and interest earned would be burned if the liquidity is ever withdrawn.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Links
Tribe forum https://tribe.fei.money/t/fei-rari-integration/3314 Rari forum https://forums.rari.capital/d/87-fei-lending-partnership Rari snapshot https://snapshot.org/#/rari/proposal/QmfWQxzbyZsKVT2BuH1ecaW8u5QkF4NnVwWguo498SB7sH
Basic Summary
This proposal would have Fei DAO assume admin control of the Rari Fuse pool 8 currently called "Tetranode's Flavor of the month”. It also includes a 10 million FEI deployment into the pool to bootstrap liquidity for borrowers. It will remain in the pool for at least 9 months while a market forms, to benefit from the reduced adm…