# Collateral Onboarding Call - Episode #43
May 11th, 2022

## Agenda

- [00:00](https://youtu.be/6pvggvsHpv0): Intro with Retro
- [00:37](https://youtu.be/6pvggvsHpv0?t=37): Fei & Rari Pools Use Cases with Joey Santoro and Brianna Montgomery.
- [10:49](https://youtu.be/6pvggvsHpv0?t=649): Q&A and Discussion about Fei

## Video

<https://youtu.be/6pvggvsHpv0>

## Introduction

### Retro

#### Agenda and Preamble
[00:00](https://youtu.be/6pvggvsHpv0)

- Welcome to the Collateral Onboarding Call episode #43. Today we are joined by Tribe DAO. Joey and Brianna want to share more detail about their MIP6 application for onboarding Fei, a collateral type to the MakerDAO protocol, and a stablecoin.
- Discussions about collateral happen in the [Forum.](https://forum.makerdao.com/c/risk/collateral-meetings/23)

## Fei & Rari Pools Use Cases

- [[FEI] MIP6 Collateral Onboarding Application](https://forum.makerdao.com/t/fei-mip6-collateral-onboarding-application/14895)

### Joey Santoro and Brianna Montgomery

#### Presentation
[00:37](https://youtu.be/6pvggvsHpv0?t=37)








#### Discussion

- [10:49 - Marko Stemberger: Is the Fei peg issue less than one dollar, how does the DAI PSM help here?](https://youtu.be/6pvggvsHpv0?t=649)
- [16:33 - Primoz Kordez: At what capacity do other PSMs work? Any "capital controls"?](https://youtu.be/6pvggvsHpv0?t=993)
- [17:31 - Marko Stemberger: Is there a dashboard that shows stats for the PSMs?](https://youtu.be/6pvggvsHpv0?t=1051)
- [21:36 - Retro: Can you talk about the V2 upgrade in terms of how it should support the onboarding?](https://youtu.be/6pvggvsHpv0?t=1296)
- [24:47 - LongForWisdom: At what point do you bail on the volatile PCV in a black-swan event? Like Maker maintains the over-collateralization by liquidating users below that ratio. How does Fei maintain the over-collateralization in that situation, or would it allow Fei to become undercollateralized?](https://youtu.be/6pvggvsHpv0?t=1487)
- [26:56 - Primoz Kordez: What is the intended use case for the 100M facility again, DAI yield generation or FEI market-making activities?](https://youtu.be/6pvggvsHpv0?t=1616)
- [31:11 - ElPro: Can you provide more color on how FEI adopts ERC4626 and what benefits it can provide to a possible partnership with MakerDAO? The last audit was July 21st, are you slated to have a new audit in 2022?](https://youtu.be/6pvggvsHpv0?t=1871)
- [39:20 - Marko Stemberger: Do you have any comment on why the price is still less than one dollar, even though you can achieve 15% APR?](https://youtu.be/6pvggvsHpv0?t=2360)
- [42:13 - LongForWisdom: What makes the vault better than just selling volatile PCV for DAI?](https://youtu.be/6pvggvsHpv0?t=2533)
- [43:57 - Retro: What is the best way to get a hold of you?](https://youtu.be/6pvggvsHpv0?t=2637)
- [44:41 - Retro: Do you have anything else that you would like to add?](https://youtu.be/6pvggvsHpv0?t=2681)

## Closing Comment

### Retro

#### Outro
[45:16](https://youtu.be/6pvggvsHpv0?t=2716)

- Thank you for making time in your schedule to speak with the community here. The conversation is always ongoing at forum.makerdao.com. I want to thank everybody for joining, and we will see you around in the forums. Thanks, everyone.

## Credits

- Kunfu-po produced this summary.
- Everyone who spoke and presented on the call, listed in the headers.