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Fei · closed proposal

FIP-4: Remove Direct Incentives

0x40B1…f8C2·ended 5y ago

Voters

214

FEI voted

24.11M

Token price

—

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Yes, remove direct incentives24.09M (99.9%)

No, keep direct incentives20.00K (0.1%)

24.11M FEI · 214 votersblock 12654751

🐳 Whale votes

0 votes > 5% VP

No whale votes on this proposal.

Full proposal

Original markdown · Fei

Forum Discussion

https://tribe.fei.money/t/fip-4-reinstate-remove-direct-incentives/3283

Basic Summary

Remove direct incentives from Fei Protocol functionality

Motivation

Analysis and discussion in the community has demonstrated a number of drawbacks to the direct incentive approach.

Undermines the purpose of a stablecoin - Nearly all use-cases for stablecoins are based on the coin maintaining its worth at a pegged value. In particular, it is desirable for stablecoins to be redeemable at the pegged value in a highly liquid manner. Direct incentives break this model. It's easy …

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