TIP-111: Increase stable backing of FEI

Proposals
16

A Tribal Council action was proposed to:

  1. Sell 20k ETH for DAI over 2 days in a Balancer auction
  2. Tighten ETH redemptions for FEI to 60bp fee

This follows similar logic from the above post to increase stable backing for FEI.

The NopeDAO veto vote is on-chain here: Tally | Tribe NopeDAO Proposal

proposalId= 0x81c419dbb3c44645493c214eee0ceaf273ba870d1e7e1c48422e2762f60e0db4
execution timestamp = Jun-11-2022 08:30:06 PM +UTC