The Fei Labs team will be voting “no change” on this proposal.
We see short and long term tradeoffs between $1 and no change.
For $1 redemption:
+immediate peg restoration
+setting precedents of TRIBE maximally voting for the FEI peg
-Reduction in PCV to deploy towards FEI integrations
For no change:
+focus on integrations and mechanism improvements
+more PCV to deploy towards FEI demand generative use cases
-sets a precedent of TRIBE not voting maximally for the FEI peg
This vote has been divided, with either decision favoring certain stakeholders in the short term. Most importantly, we are building Fei Protocol for the long term, and we hope to create unity around that ideal.
The voting numbers are split across all sizes of participants. It is not just about whales vs average users or pre-swappers vs short-term flippers.
We believe that it is possible to find a solution that compromises between these two positions, like the spirit of the “The Undo Button.” If no change wins, we’d like to explore sentiment and further develop this option and other popular community proposals.
The team will be voting “no change”. We will focus on proposals to reinstate peg maintenance in the short term.