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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 clea...

Fei Labs raises 639K ETH in genesis event The funds, which are equivalent to roughly $1.3 billion, will be used to bootstrap the Fei decentralized stablecoin. 22926 Total views News Fei Labs concluded a successful genesis launch of its Fei stablecoin on Saturday, raising nearly $1.3 billion in Ethereum (ETH) from over 17,000 contributors, highlighting once again the market’s growing appetite for digital assets and decentralized finance.  A total of 639,000 ETH was committed to the so-called minting of the FEI stablecoin, the company announced Saturday. At the time Genesis conclu...