Fei Protocol
@feiprotocol
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Redeem $FEI for DAI and $TRIBE for protocol assets here: https://t.co/nlDEdkfxzg 📣 The Tribe DAO and Fei Protocol are no longer under development
Joined December 2020
Introducing Fei v2 🎉 https://t.co/bbq1CZdGXE This is a HUGE upgrade to the Fei mechanism! Highlights include 👇
medium.com
The vision for Fei Protocol is to be a highly scalable, fully decentralized stablecoin. Fei v1 kicked off this journey with (many) lessons…
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3/3 If you have questions for the Claims Administrator, please contact them at 888-427-9229 or email info@FEITRIBESecuritiesSettlement.com.
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2/3 Please check your wallets for more information contained within the description of the legal NFT Notice(s) and/or visit the Settlement Website https://t.co/23eBX201G2.
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1/3 The deadline to submit a Proof of Claim in the FEI TRIBE Securities Settlement is October 1, 2023. If you purchased FEI or TRIBE tokens in the Genesis Event between March 31, 2021 and April 3, 2021, your rights may be affected. See
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The @code4rena Audit Contest begins NOW for 3 days! The code in scope would be proposed for Full Fuse Hack Payment, 1:1 DAI wrapping of FEI, and TRIBE pro rata redemption of PCV. Happy 🪲 hunting: https://t.co/XJ11QUIYv2
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This vote is live for 48 hours Go vote on Tally here:
tally.xyz
Repay Fuse Bad Debt
The "TIP-112: Fuse Repayment Next Steps" vote goes live at 4pm PT tomorrow June 15 Be sure to delegate your TRIBE to be eligible to vote:
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The "TIP-112: Fuse Repayment Next Steps" vote goes live at 4pm PT tomorrow June 15 Be sure to delegate your TRIBE to be eligible to vote:
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Volt is now live on Arbitrum! High tx fees to mint are officially a thing of the past!
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90% of the 190m circulating FEI backed 1:1 by stable assets, primarily DAI and LUSD with the remainder well overcollateralized by 30,000 ETH and 50,000 stETH Smart contract risk has been minimized, with primary exposure being Compound, Aave, Balancer, Liquity, and Lido
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Fei Protocol mechanisms + strong governance have weathered incredibly turbulent market volatility The FEI reserves are all rock solid at 145% collateralization and the PCV has derisked significantly by converting over 70,000 ETH into stables over the past months 💪
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This was done according to proposal ‘TIP-109: Discontinue TRIBE Incentives’: https://t.co/qm0uHfE6dH Users can claim past rewards as normal from the Fuse app https://t.co/dvdbKexjK0 as well as the Fei app
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TRIBE incentives have now been discontinued across the Tribe ecosystem to: 💎 preserve protocol equity 🤝 end farm and dump strategies 📈 reduce costs to refocus on real growth and utility All planned incentives are now in the treasury for future Tribe ecosystem initiatives
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🚀🤝
Aura launches tomorrow at 18:00 UTC! The Aura launch starts tomorrow with a 5 day long LBP, followed shortly by the bootstrapping of system-owned veBAL. We’re hyped to start boosting DeFi stakeholders’ yield potential and governance power in the @BalancerLabs ecosystem 🔜
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With the help of @feiprotocol, Olympus is creating a stronger & more diversified Treasury to back $OHM Together🤝we build
Olympus DAO just swapped 50m DAI into FEI Thanks to this and other protocol contractionary measures, the FEI peg is tighter than ever 💪 Protocol owned liquidity is so powerful. The Tribe and @OlympusDAO will make it through tough times stronger together 🤝
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Olympus DAO just swapped 50m DAI into FEI Thanks to this and other protocol contractionary measures, the FEI peg is tighter than ever 💪 Protocol owned liquidity is so powerful. The Tribe and @OlympusDAO will make it through tough times stronger together 🤝
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Applications built on top of ERC-4626 vaults work with all yield-bearing ERC-4626 vaults, making integration and innovation much easier. https://t.co/KmtRXmCg1L
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The DAO core contributors are still investigating the Fuse exploit alongside security experts. Updates will be shared as they come in. There is a $10M bounty to the hacker if they return the stolen funds. Thank you everyone for your support.
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Rari is aware of an exploit on various Fuse pools. Borrowing has been paused globally and no further funds are at risk. The Rari team, and the rest of the Tribe, are working mitigate the loss and recover exploited funds, and will provide updates as soon as they are available.
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We are aware of an exploit on various Rari Fuse pools. We have identified the root cause and paused all borrowing to mitigate further damage. To the exploiter, please accept a $10m bounty and no questions asked if you return the remaining user funds.
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The Tribe is quickly becoming one of the leanest and most scalable DAOs in DeFi 💪 Powered by: 1⃣ Multiple independent core teams 2⃣ Optimistic Governance
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gm $Tribe! The first of two on-chain votes to inaugurate the elected Tribal Council is live right now: https://t.co/uTp0Q1NZEa You can learn more about the votes in this forum post: https://t.co/QW9glZyduf Make sure to vote and be part of Tribe DAO history 📖
tally.xyz
FIP-82: Deploy TribalCouncil
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