Stablecoin event
Tribe DAO final-redemption vote concludes
The final-redemption governance process described FEI as backed 1:1 by DAI with zero fees, TRIBE redemption against remaining protocol-controlled value, and later revocation of governance powers as part of the Tribe DAO wind-down.
ImpactCritical
Detail kindRedemption Change
Sources1
Fei USD
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Fei Protocol / Tribe DAO
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| Date | 2022-09-22 |
|---|---|
| Event type | Wind Down and Final Redemption |
| Event detail kind | Redemption Change |
| Stablecoin subjects | Fei USD |
| Organization subjects | Fei Protocol / Tribe DAO |
| Impact | Critical |
| Effect on stablecoin status | Discontinued |
| Recovery / reversal | Not applicable / unresolved |
| Recovery date | — |
| Cause or mechanism | Final-redemption and Tribe DAO wind-down context, including the proposed 1:1 FEI-to-DAI redemption design. |
| Record confidence | Medium |
| Redemption-change summary | Final-redemption and Tribe DAO wind-down context, including the proposed 1:1 FEI-to-DAI redemption design. |
|---|
| Source | Publisher | Type | Evidence scope |
|---|---|---|---|
| TIP-121c: Final Redemption | Fei / Snapshot via Boardroom | Governance Proposal | Fei Final Redemption and Tribe DAO Wind Down |
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