Fei-Rari Union Approved, Marking One the Largest DAO Mergers in DeFi History
A vote to merge Rari Capital, an open interest rate protocol that allows the creation of permissionless lending pools, and Fei Protocol, issuer on the native algorithmic stablecoin FEI, was approved on Tuesday at Ethereu...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
A vote to merge Rari Capital, an open interest rate protocol that allows the creation of permissionless lending pools, and Fei Protocol, issuer on the native algorithmic stablecoin FEI, was approved on Tuesday at Ethereum (ETH) block height 13850929.
Looking at the total value locked (TVL) in these projects, per DeFi Pulse, Rari Capital currently has USD 1.384bn, and Fei Protocol stands at USD 845.664m - making the combined TVL in the merged entity 2.23bn....
Read More: Fei-Rari Union Approved, Marking One the Largest DAO Mergers in DeFi History
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
A crypto network just voted to abandon its standalone blockchain and unlock 27% of its token supply
GnosisDAO has approved a plan to retire Gnosis Chain’s standalone Layer 1, a shift that will unlock roughly 350,000 staked GNO. Un...
London Metal Exchange sees largest weekly copper inflow since 2020, breaking 42-day drought
The significant copper inflow may temporarily ease supply constraints, but underlying demand pressures and production challenges p...
Down 50% on crypto and burning $8 million in cash, this Nasdaq firm just pivoted to event robots to survive
AIxCrypto Holdings, a Nasdaq-listed company shifting from a digital-asset treasury toward robot rentals, plans an orderly exit fro...
Maple Finance ranks as second-largest crypto lender behind Tether
Maple Finance's rise highlights the shift towards secured lending in crypto, emphasizing risk management and institutional trust i...
Maya Protocol halts operations after $1.7M Bitcoin exploit
The exploit highlights vulnerabilities in cross-chain DeFi systems, potentially undermining trust and stability in decentralized f...
How crypto turned a 68-point deficit into a market lead as Bitcoin and top altcoins outrun the Nasdaq
Bitcoin trailed the Nasdaq 100 by 68 percentage points over the past year, and it has spent the last 60 days turning that deficit...