totally agree.Or Undo preswap. Because it is unfair, the price of tribe is seriously overvalued. Look at how many PCVs are left in the end, so that you can calculate the true price of the tribe!
Yes this proposal doesn’t give enough incentive to largely tribe holders. Team able to swing vote doesn’t sit well with me either. I get they want to move on but if you’re buying fei then you should be buying tribe too or even burn supply in short term and re-mint later down line if needed.
Airdropping tribe is a bad imo. A lot people will just end up selling and getting out.
Tribe ≠ preswap tribe. The preswap tribe was seriously injured
100% of preswap people are supporters of the project, which is obviously absurd, they are just gamblers who accept higher stakes, no different from community members who only participate in FEI purchases. Imagine if the tribe rose several times soon after the market opened, would these 100% pre-exchangers sell? Obviously this is for sure, so stop claiming that you are a loyal supporter of the project. Everyone is a speculator. That’s it. Always remember that risks and benefits are proportional
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The real project supporters are the long-term holders of the tribe. They don’t care about the short-term price of the tribe. Increasing the number of tribes is what they care about most. Then they participate in governance and make the project grow huge. Finally, these holders Is the biggest winner, because the maximum FEI is equal to 1, and the tribe is equal to infinity
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Why not a loyal supporter? I participated by increasing the proportion of TRIBE, who decides to operate together as a member of Genesis, the initial stage of the project. Currently, Genesis TRIBE members have suffered a significant loss compared to their investment, and it is also the right of TRIBE members to request strategies accordingly. This is because the TRIBE member is the government. If a new TRIBE member refuses, you won’t be able to achieve it, but that’s not a reason to define you as loyal or not.
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What is the standard for long-term retention? Are you loyal if you hold 1 month, and are you loyal if you hold 6 months? Don’t define loyalty. Just judge the current situation. Choice and decision are the choice of TRIBE members. The Genesis TRIBE member only suggests a strategy to increase the price of TRIBE because the price of TRIBE has fallen significantly compared to FEI.
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the team has already voted on this - they have the majority of VOTE - this is a sham.
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Why people debat who are preswapper who are loyal. Let’s be frankly,People gathering around here are all for money.The 100% percent preswapper are just more greedy. So everybody here are equal,no moral distinction. The bot, the arb, the preswapper, the fei holder are all important to this ecosystem.
The most important thing is to make the fei peg to $1, without this, nobody can avoid been hurt. So just let the arb go ,release the sell pressure, and then the tribe will up slowly. I’m both tribe and fei holder, I totally support this proposal,Let’s move on ,bad decision is better than “no change”. Fei and tribe are still cheap, if you fell hurt by the arb ,just buy the deep right now.
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How are the people who100% pre-swapped greedy? I don’t understand why everyone saying this. It can be equally argued that pre-swappers took on more risk since there is no set value and fei is supposed to be $1. People holding fei have hedged their bets and risks reduced yet they are getting a bailout and tribe holders a promise that value of tribe will grow.
I’m very new to crypto investing and I aped into TRIBE. I literally had no idea what I was doing. Since then, I have been studying DEFI and crypto daily. I realise that investing in crypto’s is extremely risky. I have friends who are investors but will not touch crypto for this very reason. For all of those who purchased TRIBE, you have no one to blame but yourself if you are unhappy about the position you are in. Talk to a friend who has made some unsuccessful investments - this should help give you perspective - we’re in the wild west here.
I am making the decision to vote yes for this proposal. It seems to be the only way we can get the ball rolling forward. I am going to hold out and hope that the crypto gods are with me and that I fluked a good investment. The incentives for TRIBE will benefit the protocol and also future investors who wish to farm. It does not serve people like myself who either have to sell half my TRIBE for FEI so I can then stake. It is also not practical for me to buy equivalent FEI to match my TRIBE as I will be financially better off putting my money elsewhere. It’s a shame that the team are not willing or able to truly accommodate the original TRIBE holders but whatever. As long as the protocol is successful, I will hopefully be better off.
Finally, I’m sorry to the team for my frustration and lack of support. From my personal perspective, your lack of communication and clarity has only contributed to my FUD. Now it’s time to get this shit happening. Hopefully this proposal is able to move forward and I hope that you have what it takes to pull this project off. You all seem insanely talented.
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I will vote for NO.
This proposal is only for temporary fix and WILL DO NOTHING for the Tribe holders.
So 300.000 ETH ($ 687,000,000 ) absolute insane amount will go directly to the pocket of the Fei holders. Tribe holders will be ruined. So vote for NO!
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Who’s selling though? Rationally, nobody should be selling for much less than $0,95 if they expect the price to get to $0.95.
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Don’t spread fud. The team decided to vote against. Its crazy to vote for yes. Voting for yes is like giving our treasury away to the people. No tribe holder will do that. So vote for NO
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Is this going to be implemented through a pre-swapping mechanism or is this a direct incentive for bots to buy fei cheap and dump it off peg putting fei holders in the same position again with less PCV. And 95c doesnt restore confidence its still off peg! Idiotic as can be expected
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Why suddenly so much feeling about the fei holders? This governance attack on Tribe holders will destroy this project. So tribe holders, vote for NO. We need a solution for a long term, and not this steal-money-from-treasury-to-give-to-fei-holder-Proposal
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Redemption should be limited to genesis participants first for the extend of their initial purchase, unless sold in between. Otherwise it will just get exploited - it’s been pointed out by multiple people both on this and the previous proposal
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I think it’s really important to emphasise that this is just the beginning of rewards for TRIBE holders who stay with the protocol. Not the end.
I pre-swapped and want to get a larger share of the system for that capital.
I’ll share some more thoughts later today.
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Lol 
me like proposal. Me use small bag to vote yes 
fingers buttery but try to explein:
In the thread of my proposal for TRIBE staking pools, I already said that I support the idea of a fixed-price FEI redeem faucet from PCV (& you seemed to agree @Inaniel ? relevant part of the discussion below).
I think the idea of allocating a part of the PCV to allow FEI redeem at a fixed price is necessary for the peace of mind of FEI users. “What if the algo stability feils ? Well, worst case, i’ll exit with the faucet”. It allows for better (risk-free) arbitrage below faucet price & it’s an important psychological aspect to maintain peg price (or at least some boundary around it, if the faucet redeems as far as 5% below the peg).
It’s also important that the faucet has a limited reserve, because if ETH sharply drops overnight and the protocol becomes undercollateralized, we don’t want the faucet to empty PCV & leave some worthless FEI in circulation. It seems to be the case here 
@joey I hope that “95% of dollar peg price” is a parameter that can be adjusted by DAO. For the short term when this proposal passes, we’ll set it to 95%, but later on it’s good to keep the mechanism of a “ReserveStabilizer” and be able to adjust it to, like, .99$, when peg is held closely with a <0.01$ volatility for some time :
- Worst case, if the community doesn’t like it, we can just configure the
PCVSplitterto give nothing to the “ReserveStabilizer”. - Better case, it’s a new feature in the protocol that can stay for a while & not a throw-away feature developed just to relieve the current situation.
Once the direct incentives are turned back on, that idea of a faucet is even stronger because the effective sell price including burn fees will push the market price above the faucet price. For instance, if the faucet redeems at 95% peg (5% off peg), the market price should not go down below \sqrt5\%\approx2.23\% off-peg, because under that the effective sell price is <0.95$.
Later, with a 99% faucet, it’s even better because of the shape of the square function below 1%.
I would have passed on using 25% of the DAO treasury for that (>70% APY is already pretty good), I think there could be better uses for it, like some TRIBE-only staking mechanism. But since the proposal is a “package” and I want to see things move forward…
Also, can’t say no to additional TRIBE, as a staker 
Looking forward to that, I also think we should work on a TRIBE-only staking mechanism ASAP.
Transparency. Aligned with the long term interests of the protocol. Good 
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Exactly my thinking. As FEI gets integrated into more projects and it’s usability increases the price of TRIBE will be sure to go up.
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