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Fei · closed proposal
FIP-1: Reserve Stabilization
0x40B1…f8C2·ended 5y ago
Voters
3,726
FEI voted
120.98M
Token price
—
AI summary
Summary pending — generation runs every 15 minutes.
Voting results
$1.00 / FEI35.51M (29.4%)
$0.90 / FEI5.60M (4.6%)
no change79.87M (66.0%)
120.98M FEI · 3726 votersblock 12215048
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Fei
Forum Discussion
https://tribe.fei.money/t/reserve-stabilization/1793
Basic Summary
Fei Protocol is currently paused while the vulnerabilities in the direct incentive and reweight system are addressed. This proposal aims to allow for direct redemption of FEI for ETH from the PCV to release sell pressure to support the peg.
There are currently ~2 billion FEI of which ~1.2 billion are owned by FEI Protocol and ~200 million are timelocked in the TRIBE-FEI pool. The ~$950m PCV can directly support a FEI price of up to $1 for all user redemptions, with an excess of collateral.
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