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Introducing Fei v2 🎉
medium.com/fei-protocol/i…
This is a HUGE upgrade to the Fei mechanism!
Highlights include 👇
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Fei Protocol
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Fei Protocol
@feiprotocol
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
Katılım Aralık 2020
7 Takip Edilen37.6K Takipçiler
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 FEITRIBESecuritiesSettlement.com.
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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 FEITRIBESecuritiesSettlement.com
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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: code4rena.com/contests/2022-…
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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: docs.tally.xyz/user-guides/de…
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Fei Protocol retweetledi
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’: tribedao.xyz/governance/pro…
Users can claim past rewards as normal from the Fuse app app.rari.capital/fuse/pool/8 as well as the Fei app app.fei.money/farm
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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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Fei Protocol retweetledi
With the help of @feiprotocol, Olympus is creating a stronger & more diversified Treasury to back $OHM
Together🤝we build
Joey @ NS@0xJoeysantoro
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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Fei Protocol retweetledi
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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Fei Protocol retweetledi
Applications built on top of ERC-4626 vaults work with all yield-bearing ERC-4626 vaults, making integration and innovation much easier. decrypt.co/99695/how-erc-…
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Fei Protocol retweetledi
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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Fei Protocol retweetledi
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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Fuse pools 18, 156, 127, 144, 27, 8, 146 drained to death
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@feiprotocol uhmmm guys?
etherscan.io/address/0x6162…
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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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