Fei Protocol Upgrades Its Oracle Mechanism to Chainlink Price Feeds
18 Jun 2021 | 20:11 pm
Fei Protocol has upgraded its primary oracle mechanism to Chainlink, the market-leading decentralized oracle network. Fei Protocol is now leveraging the widely used ETH/USD Chainlink Price Feed as the reference price. Chainlink already secures tens of billions of dollars in user funds for top DeFi projects like Aave and Synthetix.
Medium Term Roadmap
09 Jun 2021 | 18:48 pm
Fei Protocol is currently auditing an enhanced version of the protocol that contains many useful upgrades and increases security. The contents of the audit include the ability to create new bonding curves, reserve stabilizers, and Uniswap PCV deposits with any ERC-20. We are also pursuing exchange listings for FEI and TRIBE to widen access throughout the ecosystem.
Ethereum Price Feeds | Chainlink Documentation
03 Jun 2021 | 23:08 pm
For implementation instructions, please refer to Get the Latest Price. For LINK token and Faucet details, please refer to LINK Token Contracts. Note, off-chain equity and ETF assets are only traded during standard market hours (9:30 am - 4 pm ET M-F). Using these feeds outside of those windows is not recommended.
Fei Bonding Curve Bug Post Mortem
13 May 2021 | 21:47 pm
Fei Protocol has found a vulnerability that could have removed ETH from the Protocol Controlled Value (PCV). The attack involved manipulating the spot price on the FEI-ETH Uniswap pair, before providing liquidity through the bonding curve. The vulnerability was not exploited and no funds were lost. The fix removes the attack vector by sending ETH to the reserve stabilizer.
FIP-3 Fixed Cadence Reweights
03 May 2021 | 00:42 am
Reweights on the FEI-ETH Uniswap pair will be set to a 4-hour cadence, with the minimum distance below the peg reduced from 1% to 0.5% and the reweight keeper reward reduced from 200 FEI to 200. The proposal is being submitted directly to the DAO, as it is restoration of protocol functionality.
FIP-2 FEI Redemption + TRIBE staking
20 Apr 2021 | 23:08 pm
Proposal #2 aims to unify FEI and TRIBE holders around the common goal of long-term stability and success by offering $0.95 redemption of FEI using 300k ETH from PCV delivered in batches to the ReserveStabilizer contract. It also doubles staking rewards by allocating 100 million TRIBE to the existing FEI-TRIBE staking pool, linearly decreasing over two years.
10 Apr 2021 | 03:54 am
Fei Protocol’s price has been below peg since its launch. The excess supply created by Genesis seems to have led to the current state of high sell pressure. Fei Protocol is designed to use PCV and incentives flexibly to power its stability and utility.
Fei Protocol Vulnerability Postmortem
10 Apr 2021 | 03:40 am
Fei Protocol is awarding $100,000 to 0xRevert for a bug bounty on Immunefi that could have repeatedly drained $200 ETH from the WETH/FEI pool on Uniswap. Fei is temporarily pausing minting of rewards until a permanent fix can be implemented. Fei Labs has temporarily shut down all buy rewards and sell penalties and is working on a proposed permanent fix.
02 Apr 2021 | 22:29 pm
Fei Protocol Genesis will end on April 3rd at 12:01pm PT and the subsequent protocol launch will take place on April 5th. If you have or will participate in the Genesis Group, you will acquire FEI and TRIBE tokens, or only TRIBE if you pre-swap all your committed ETH. The tokens will be available to redeem immediately after the end of Genesis.
Fei Protocol Genesis Group
07 Mar 2021 | 19:47 pm
Fei Protocol Genesis begins on March 31, 2021, at 12pm PT and runs until April 3, 2021 at 12:01 pm PT. The Genesis Group will be the earliest Fei Protocol adopters. Participants can pre-swap their FEI for TRIBE in the Genesis Group's liquidity pool.
The TRIBE Token Distribution
09 Feb 2021 | 18:49 pm
Fei Protocol has announced plans for the TRIBE governance token distribution. The Genesis Group will receive 10% of the initial TRIBE supply. The IDO will be a direct listing of FEI-TRIBE on Uniswap. FEI is minted by the protocol and not taken out of the Genesis Group’s stake.
Introducing Fei Protocol
11 Jan 2021 | 20:32 pm
Fei Protocol aims to create a stablecoin that exhibits a high fidelity peg. The FEI stablecoin has an uncapped supply that tracks demand. It enters circulation via sale along a bonding curve that approaches and fixes at the $1 peg. FEI will support the creation of bonding curves denominated in any ERC20.