FEI

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

Sources:

• https://fei.money/
• https://defillama.com/peggedasset/fei-usd