Hello, I am dimsome, the ProtocolDAO CatHerder @ mStable.
We are currently having a discussion in our Forum about a potential mUSD/FEI Feeder Pool and wanted to loop the Tribe into this discussion and also about the broader picture.
A Feeder Pool is a stable swap 50/50 AMM. But not just that! The assets that are deposited into the pool can additionally earn a yield on lending platforms on top of earning swap fees. An FEI Feeder Pool would allow anyone after obtaining FEI, to swap it to the most common other stablecoins, earn a yield in the feeder pool, or swap directly into our mUSD SAVE product that earns consistently an above-market rate APY.
With the proposal being drafted, there are a few things I want to bring up in order to make this a successful launch:
- With FEI V2 just announced, does it make more sense to postpone the launch of the Feeder Pool to directly start with FEI v2? We would be happy to be the first ones to support FEI V2 and offer FEI V2 Swaps
- Liquidity Bootstrapping can be quite difficult. We are usually incentivising with our native MTA token deposits into our pools. To make it much more attractive, is there interest and the possibility to offer TRIBE rewards on top? Dual-Incentives is something we are always keen on exploring.
Would love to hear the community and the core contributors opinion on the two points outlined. Let’s have a fruitful discussion.
- Feeder Pool forum post on mStable:
[Discussion] Fei Protocol FEI/mUSD fPool - Discussions - mStable | Governance