FEI and RAI are discussing about a co-incentivized Balancer Metastable pool. The two communities would like to propose a liquidity mining program together with Balancer in order to grow the RAI/FEI pool so that it becomes one of the most liquid in the Balancer v2 protocol.
FEI and RAI have been using concentrated liquidity protocols extensively over the last months. The two communities have close ties to each other and would like to strenghten their collaboration using a Balancer v2 Metastable pool.
The aim of the pool would be to concentrate FEI and RAI liquidity in a narrow band and allow the Balancer pool to follow RAI’s target price, similar to how Curve and mStable have custom pool implementations meant to read the target price directly from the RAI protocol.
This proposal is still a draft due to the fact that we would like to gauge interest from the Balaner community as well as see how we could build this unique pool. The Reflexer community could build a custom implementation of a Metastable pool that reads the RAI target price from this contract already used by both the Curve and mStable RAI pools.
Separately, a FEI community member proposed that the FEI/RAI pool could be a Boosted Metastable one that lends idle assets in Aave v2, although we are not yet sure if the combination is possible as well as what parameters should be chosen for it.
We invite the community to give feedback and see how we could all work together!