Simple Summary

A proposal to adjust risk parameters for FEI as follows:

• Pause FEI borrowing.
• Set reserve factor to 99%.

Background

Details are provided in the governance forum posts regarding FEI.

Motivation

In light of Tribe DAO’s proposal to enter a terminal state, the FEI market on Compound should be deprecated. Pausing FEI borrowing and setting a high reserve factor is the first step in winding down the FEI market.

Specification

• Sets the cFEI reserve factor to 99% by calling _setReserveFactor on the cFEI contract
• Pauses borrowing on cFEI by calling _setBorrowPaused on the Comptroller contract, passing the cFEI address and true

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