Fei - Deepstash

Fei

With Fei , the Balancer DAO voted to trade 200,000 BAL from its treasury for equal parts of Fei’s two tokens: FEI, its stablecoin, and TRIBE, its governance token. This deal directly benefited Balancer because Fei committed to make a BAL deposit into Balancer’s BAL/WETH pool, using its own supply of ETH to match the BAL, which would increase the total liquidity available on Balancer.

The deal enables Balancer to lock in some of its treasury value with a stablecoin (which is insurance against a downturn), and to earn yield using Fei’s incentivized staking program, should it choose to do so.

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decebaldobrica

#engineering, #machinelearning and #crypto

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