Executed

FIP-104: Reinforce PCV by consolidating assets and perform technical maintenance


Proposal ID

315783...4602

Governor

Fei

Proposed

May 19th, 2022

Result details
Final Votes

Quorum

Pending

Majority support

Yes

For

36.66M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x0243...2993

setSafeAddresses(..)

Custom

Account

0x0243...2993

Method

setSafeAddresses(..)

Custom

0x1494...3C2b

transfer(..)

Custom

Account

0x1494...3C2b

Method

transfer(..)

Custom

0xe0f7...Ce20

withdraw(..)

Custom

Account

0xe0f7...Ce20

Method

withdraw(..)

Custom

0x05FD...3Ba8

setDoInvert(..)

Custom

Account

0x05FD...3Ba8

Method

setDoInvert(..)

Proposal

FIP-104: Reinforce PCV by consolidating assets and perform technical maintenance.

This FIP implements parts of the PCV reinforcement proposal that was approved in this snapshot: https://snapshot.fei.money/#/proposal/0x2fd5bdda0067098f6c0520fe309dfe90ca403758f0ce98c1854a00bf38999674 and discussed in this forum post: https://tribe.fei.money/t/fip-104-fei-pcv-reinforcement-proposal/4162?page=2

Specifically, it:

  • Liquidates the protocol's DPI holdings to DAI using a Balancer LBP
  • Transfers the protocol's CREAM holdings from the DAO timelock to the TribalCouncil multisig. The TribalCouncil will then liquidate the position on a DEX before returning the funds to PCV reserves

In addition, the FIP performs several technical maintenance tasks:

  • Add and remove the relevant PCV deposits from the Collaterization Oracle
  • Grant the TribalCouncil the role required to initiate the DPI LBP auction
  • Add the uniswapPCVDeposit and dpiToDai LBP swapper as Safe addresses so PCV can be moved there
  • Fix a bug in the NopeDAO configuration that previously set the voting period to 22 months rather than the expected 4 days
  • Fund the TribalCouncil with 10 Eth
  • Transfer 15,000 WETH from the DAO timelock to the aaveETHPCVDeposit
  • Invert oracle price on LBP swapper and initiate auction
Final Votes

Quorum

Pending

Majority support

Yes

For

36.66M

Against

0

Abstain

0

Final Votes
Status

Thu May 19, 09:44 pm

Published onchain

Thu Jun 16, 01:32 am

Voting period started

Fri Jun 17, 08:52 pm

Voting period ended

Sun May 22, 12:45 am

Proposal queued

Mon May 23, 12:48 am

Proposal executed