This proposal would add a [Fei-[3Pool]] Metapool onto the Curve UI.
Fei is a decentralized, scalable algorithmic stablecoin collateralized by the ‘Protocol Controlled Value (PCV)’. It aims to be the stablecoin for DeFi. By moving away from IOU deposit-type debt commitments, Fei’s dollar peg is maintained by a reweighting mechanism using the PCV for stability. According to Coingecko’s Stablecoin Rankings, Fei currently is #11 with Mcap of over $360M.
After Fei’s rocky start after launch in April 2021, the project is now at peg and most issues resolved. Fei Protocol will now pivot to growth and integrations are key to success, after successful integrations with Pickle and Rari Capital’s Fuse pool.
Curve is the destination for stablecoin exchanges and for ensuring liquidity to other stablecoin assets. Defi Pulse ranks Curve at #2 with over $7B TVL. This will be a fantastic opportunity for Curve and Fei to work in synergy. Fei’s presence on Curve will also bring additional stability due to the deep liquidity markets and will allow greater adoption and use cases for both parties. This integration is anticipated on Fei’s governance forums with broad support for this proposal.
In addition, Fei is currently revamping its TRIBE incentives for Curve and other upcoming integrations and will incentivize the Fei metapool. Fei is also committed to deploying a sizeable chunk of the PCV to bootstrap liquidity.
While the pool does not currently reach the volume specified for listing, Fei believes that the incentives will boost trading and liquidity; other prerequisites have been satisfied. Fei Protocol has been audited by OpenZeppelin and Consensys Diligence.
Add the [Fei-[3Pool]] Metapool
Do not Add the [Fei-[3Pool]] Metapool
Voting starts July 2, 12:00, ends July 9, 12:00