Fei protocol News

The San Francisco Superior Court has reportedly taken control of Fei Protocol's Discord server in a class action settlement

A newly proposed Ethereum token standard, ERC-4626 could resolve the mishmash of the types of design associated with tokens that print money in DeFi. The Joey Santoro-led Fei protocol is among the new adaptations of the Ethereum DeFi network.

Built to maintain a 1:1 peg with the US dollar, the Fei protocol stablecoin, FEI, failed to do so over the first week or so of its existence. The Fei Protocol is backed by major VCs with the goal of…