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Fei Labs recauda 639K ETH en evento de génesis

Fei Labs concluded a successful genesis launch of its Fei stablecoin on Saturday, raising nearly $1.3 billion in Ethereum (ETH) desde arriba 17,000 contributors, highlighting once again the market’s growing appetite for digital assets and decentralized finance.

Un total de 639,000 ETH was committed to the so-called minting of the FEI stablecoin, la compañia Anunciado sábado. At the time Genesis concluded, the ETH commitments were worth nearly $1.3 billion.

The funds will be used to bootstrap Fei’s Protocol Controlled Value, or PCV, which is a category of total value locked. PCV representa all assets that are not redeemable by users, including treasuries and insurance funds.

The Fei Protocol Genesis was launched on March 31 and concluded Saturday. Users who participated in the genesis event will receive a pro-rata percentage of FEI generated from the so-called bonding curve, which is a mathematical formula for defining the relationship between price and token supply.

Fei Labs explica:

“Users that participate at Fei Protocol Genesis can commit ETH as part of the Genesis Group to bootstrap the protocol. By doing so, this entitles participants to a pro-rata percentage of FEI generated from the bonding curve.”

As some have speculated, Fei Protocol’s raise marks one of the biggest DeFi launches of all time.

Fei Labs noted in its Twitter feed that the FEI-to-ETH trading pair was the largest pool on Uniswap as of Saturday. A pre-swap of $385 million FEI for TRIBE, a governance token, “probably marks the largest ever AMM swap,” Fei Labs dijo, referring to automated market makers.

Artículo de Cointelegraph

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