Fei Labs Sees 639,000 ETH Raised Within Genesis Event Last Updated: 05 April 2021 Fei Labs stands as a new player on the block, who had managed to make a successful genesis launch on Saturday of its Fei stablecoin. Fei Protocol Genesis has officially ended! Thank you to everyone who contributed to a successful Genesis period in bootstrapping the $FEI stablecoin and $TRIBE governance token �� Lets recap ➡️ The protocol managed to raise close to $1.3 billion in Ethereum by way of 17,000-plus contributors to finance it. Through this, it’s clear as day that the DeFi space is very clearly growing in its appetite for more digital assets.