With respect to the new proposal placed by the team, in case of option 1 and 2, the redemption should only be made the people who participated in Genesis. If it’s not done that way, people can easily buy FEI from the market with their motive being only to sell when it reaches its peg. It will just create more sell pressure and that will be at the cost of the PCV. No matter how many redemptions we do, people will then only buy FEI to sell it at peg which happened in the Genesis and is the reason we’re here in the first place. We’ll be stuck in this cycle till PCV goes to zero.
In addition to this, there should be a precondition for redemption. Anyone who wants to redeem FEI at the cost of the PCV should first burn their TRIBE airdrop. This will help us filter out free loaders. Otherwise, people will redeem FEI at the cost of PCV and at the same time leave with a free airdrop. I believe if we burn the TRIBE it tips the scales evenly and is fair to both FEI holders who want to leave and TRIBE holders who want to stay.
(Idea of Discord user @WallStreetQuant )