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Fei · closed proposal

FIP-12: TRIBE Incentives to Saddle D4

0xe0ac…CD52·ended 5y ago
Voters
72
FEI voted
20.15M
Token price

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

5M TRIBE @ Saddle D420.12M (99.8%)
No TRIBE to Sadddle D433.43K (0.2%)
20.15M FEI · 72 votersblock 12743849

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Fei

Forum Discussion

https://tribe.fei.money/t/saddle-d4-tribe-rewards/3351

Abstract

Allocate 5M TRIBE from the DAO Treasury to liquidity mining incentives on the Saddle d4 pool (LUSD, alUSD, FRAX, FEI) for constant distribution over 1 year. Saddle is a stablecoin optimized AMM similar to Curve. The goal of this pool is to provide liquidity to top decentralized stablecoins to help reduce ecosystem dependence on USDC/USDT. Any TRIBE allocated would be paid back to the treasury if we upgrade the staking rewards per the existing discussion here: https://tribe.fei.money/t/masterchief-staking-r…

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