Difference between revisions of "FEI"
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Latest revision as of 10:45, 23 June 2022
Fei is a decentralized, scalable, and DeFi-native stablecoin protocol. Fei Protocol's goal is to scalably issue a $1 pegged decentralized stablecoin. FEI Protocol is a products from Tribe DAO, Tribe DAO products are: FEI Protocol, Rari Capital and Turbo.
Features
Redeemable
- Fei Protocol creates a tight peg by providing $1 redeemability for FEI using PCV
Protocol Controlled Value
- Fei algorithmically allocates assets in protocol controlled valued (PCV) to provide liquidity and earn yield
Fully Decentralized
- Fei Protocol only holds decentralized assets and focuses on DeFi-native partnerships with other DAOs, like LaaS
Liquidity for DAOs
- Fei Protocol helps other DAOs achieve deep liquidity in lending and exchange markets by deploying PCV and offering Liquidity-as-a-Service (LaaS)
Governed by TRIBE
- TRIBE token holders manage the PCV, backing FEI with a community-owned reserve
LaaS
- Fei integrates with Ondo to provide FEI-denominated Liquidity as a Service for other DAOs
- Fei DAO supplies FEI to lending markets on Rari Capital's Fuse and across DeFi, bootstrapping markets and increasing FEI liquidity
- Fei v2 deploys PCV on Balancer to simultaneously provide liquidity and earn yield