Now that the snapshot has passed to take initial steps such as consolidating DPI, CREAM, and protocol owned liquidity like d3 into DAI, seems like it would be a good time to discuss an ETH sale.
By my reckoning, there is about 225m circulating user FEI and 135m in non-ETH PCV assets, meaning FEI backing is <40% liquid stablecoins even after the current action to consolidate PCV.
To bring the protocol up to the target 80+% stablecoin backing signaled in the poll, the PCV would need at least 180m in stablecoin holdings. A swap of ETH for ~50m DAI would greatly derisk the system while maintaining a very large ETH holding.