Executed

FIP-99: Sell RAI


Proposed by

Proposal ID

507010...3286

Governor

Fei

Proposed

Apr 28th, 2022

Result details
Final Votes

Quorum

Pending

Majority support

Yes

For

25.64M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x221f...0179

withdrawRatio(..)

Custom

Account

0x221f...0179

Method

withdrawRatio(..)

Custom

0xd217...d1F9

deposit(..)

Custom

Account

0xd217...d1F9

Method

deposit(..)

Custom

0x8d5E...d7b9

grantPCVController(..)

Custom

Account

0x8d5E...d7b9

Method

grantPCVController(..)

Custom

0x5ddE...205e

pauseMint(..)

Custom

Account

0x5ddE...205e

Method

pauseMint(..)

Proposal

Sell RAI to replenish DAI reserves and/or relieve upcoming peg pressure. Forum post: https://tribe.fei.money/t/fip-99-sell-rai/4120 Steps:

  • Withdraw 80% of the rai from fuse pool 9 and send to the aave rai pcv deposit
  • Call deposit() on the aave rai pcv deposit
  • Grant the PCV_CONTROLLER_ROLE to the rai pcv drip controller
  • Pause mint on the rai price-bound psm
  • Whitelist the fuse pool 9 rai pcv deposit on the pcv guardian, as well as the new rai psm and the aave rai pcv deposit
  • Add the rai price-bound psm to the collateralization oracle
Final Votes

Quorum

Pending

Majority support

Yes

For

25.64M

Against

0

Abstain

0

Final Votes
Status

Thu Apr 28, 06:43 am

Published onchain

Sat May 28, 04:17 am

Voting period started

Sun May 29, 11:37 pm

Voting period ended

Sun May 1, 02:58 pm

Proposal queued

Mon May 2, 03:12 pm

Proposal executed