Tribe DAO passed and implemented the TIP-121a proposal, through a 2-day LBP auction on Balancer, 22,000 WETH and 18.7 million LUSD were exchanged for DAI, and all protocol-owned DAI was moved out of Compound, etc. Previously, Fei Labs initiated the TIP-121 proposal to close Tribe DAO and distribute funds to token holders and victims of hacking attacks. Token holders are allocated, after which all governance rights are removed. Regardless of whether the proposal succeeds or fails, Fei Labs will exit Tribe DAO and return unallocated tokens to the DAO. The move is designed to guarantee the peg of the algorithmic stablecoin FEI to the U.S. dollar.