I had the chance to speak with the FEI team this week about potential opportunities for collaboration across both SMART Yield and SMART Alpha. I’m excited about where that could lead, given their immense protocol controlled value and interest in added utility for FEI.
For those who don’t know, FEI is a stablecoin project that launched in April. It has a circulating supply close to ~$500M and has managed to hold its peg since May 24th. Note that, for the first month of its existence, it did struggle with achieving the peg in the first place.
This forum post is to serve as a temperature check on whether the community would be interested in adding FEI to our Rari pool. It has been indicated that, should we do so, potentially up to $1M in FEI would be deposited to the pool. Moreover, when FEI is supported by a SMART Yield-integrated lending market, they would be further interested in providing secondary liquidity for a FEI jToken such that it could be added to our Fuse pool as well.