The Fei-Fuse Nightmare: A Wake-up Call for Improved DAO Governance

## Fei प्रोटोकॉल (FEI) क्या है?

Fei प्रोटोकॉल एक डेफी मूल एल्गोरिथम स्थिर मुद्रा है। Fei का उद्देश्य कठोर ओवर कोलेट्रलाइज़्ड डीसेंट्रलाइज़्ड स्थिर मुद्रा और सेंट्रलाइज़्ड कस्टोडियल स्थिर मुद्रा के बीच एक मधुर स्थान में एक तकनीकी समाधान का प्रस्ताव करना है।

Fei प्रोटोकॉल दो क्रिप्टो परिसंपत्तियों पर चलता है: FEI स्थिर मुद्रा और TRIBE गवर्नेस टोकन।

FEI का उद्देश्य अधिक पूंजी कुशल और पूरी तरह से डीसेंट्रलाइज़्ड स्थिर मुद्रा बनना है। प्रोटोकॉल उस मूल्य का उपयोग करता है जिसे वह तरल द्वितीयक बाजारों को बनाए रखने और प्रोटोकॉल के लिए यील्ड अर्जित करने के लिए नियंत्रित करता है।

प्रोजेक्ट की स्थापना दिसंबर 2020 में हुई थी और इसने तुरंत क्रिप्टो कम्युनिटी को आकर्षित किया। इसके परिणामस्वरूप मार्च 2021 की शुरुआत में $19 मिलियन VC निवेश हुआ। इस प्रोजेक्ट में प्रवेश करने वाले नामों में आंद्रेसेन होरोविट्ज़ (a16z), कॉइनबेस वेंचर्स, नैसेंट और फ्रेमवर्क वेंचर्स शामिल हैं।

मूल तंत्र में पेग के साथ कुछ समस्याए थे, लेकिन गवर्नेस अपग्रेड की एक श्रृंखला के माध्यम से प्रोटोकॉल लॉन्च के बाद के महीनों में सही कर दिया गया था।

[Fei v2](https://medium.com/fei-protocol/introducing-fei-v2-6f56afe7a1b5) सिस्टम के लिए एक प्रमुख अपग्रेड है। इसमें प्रोटोकॉल रिजर्व, ट्राइब बायबैक और बैकस्टॉप,और एल्गोरिथम प्रोटोकॉल नियंत्रित मूल्य प्रबंधन के खिलाफ FEI के लिए 1: 1 रिडीमेबिलिटी की सुविधा है।

### Fei प्रोटोकॉल के संस्थापक कौन हैं?

फी प्रोटोकॉल की स्थापना [जॉय सैंटोरो](https://twitter.com/joey__santoro), [ब्रियाना मोंटगोमरी](https://twitter.com/BriannaPageM) और [सेबस्टियन डेलगाडो](https://twitter.com/sdalcega) ने की थी। डीसेंट्रलाइज़्ड स्थिर मुद्रा प्लेटफार्म Fei को 31 मार्च, 2021 को लॉन्च किया गया था।

सेंटोरो Fei प्रोटोकॉल के संस्थापक और Fei लैब्स के सीईओ हैं। उनकी पृष्ठभूमि सॉफ्टवेयर इंजीनियरिंग और क्रिप्टो में है। फी से पहले वह एक सॉफ्टवेयर कंपनी Okta Inc में एक सॉफ्टवेयर इंजीनियर रहे हैं, जो व्यवसायों को डिजिटल पहचान प्रबंधित करने में मदद करते हैं। उन्होंने 2019 में ड्यूक विश्वविद्यालय से कंप्यूटर विज्ञान में पढ़ाई की, जहां उन्होंने एक शोध सहायक और स्थानीय ब्लॉकचेन लैब के सह-अध्यक्ष के रूप में भी काम किया।

ब्रियाना मोंटगोमरी इस प्रोजेक्ट की बिजनेस लीड हैं। Fei की टीम में शामिल होने से पहले, उन्होंने ConsenSys में बिज़नेस लीड की पोजीशन पर काम किया, यह एक ब्लॉकचेन स्टूडियो, ईथीरियम पर प्रोजेक्ट के निर्माण काम करता है। Coriant, DefenseStorm और nCino सहित कुछ अन्य तकनीकी कंपनियों में समान भूमिकाओं के साथ उनका एक सफल करियर था। उसके पास विलमिंगटन की यूनिवर्सिटी ऑफ नॉर्थ कैरोलिना से बिजनेस एडमिनिस्ट्रेशन, मार्केटिंग और इकोनॉमिक्स में मैग्ना कम लॉड डिग्री है

डेलगाडो Fei प्रोटोकॉल के तीसरे सह-संस्थापक हैं। उनके अनुभव में एक सॉफ्टवेयर इंजीनियर के रूप में एक DeFi प्रोजेक्ट Dharma Labs में दो साल से अधिक की सेवा और उसी भूमिका में उबर में भी लंबे समय तक सेवा शामिल है। उन्होंने UС बर्कले से संज्ञानात्मक विज्ञान और कंप्यूटर विज्ञान में डिग्री के साथ स्नातक किया। इस प्रोजेक्ट को कई हाई प्रोफाइल वीसी फंडों द्वारा समर्थित किया गया था, जिसमें नैसेंट कैपिटल, आंद्रेसेन होरोविट्ज़ और कॉइनबेस वेंचर्स और इंटरनेट सेलिब्रिटी गुरु नवल रविकांत शामिल हैं।

### कितने Fei Protocol (FEI) कॉइन प्रचलन में हैं?

Fei एक स्थिर मुद्रा है, किसी भी अन्य स्थिर मुद्रा की तरह इसकी अधिकतम कुल आपूर्ति सीमित नहीं है। मांग के बाद इसे ढाला या जलाया जाएगा।

### आप Fei प्रोटोकॉल (एफईआई) कहां से खरीद सकते हैं?

Fei एक स्वतंत्र रूप से व्यापार योग्य टोकन है, जो कई एक्सचेंजों पर उपलब्ध है, उनमें से अधिकांश प्रोटोकॉल के विशिष्ट फोकस के कारण डीसेंट्रलाइज़्ड हैं। एक्सचेंज ट्रेडिंग FEI में शामिल हैं: [Uniswap](https://coinmarketcap.com/hi/exchanges/uniswap-v3/) 
[1INCH](https://coinmarketcap.com/hi/exchanges/1inch-exchange/) 
[Gate.io](https://coinmarketcap.com/hi/exchanges/gate-io/) 
[Ox](https://coinmarketcap.com/hi/exchanges/0x-protocol/)

FEI खरीदने या बेचने का दूसरा स्थान Fei प्रोटोकॉल वेबसाइट के माध्यम से है। मौजूदा जोड़े में ईथीरियम, टीथर (USDT) और अन्य सिक्के शामिल हैं।

किसी भी क्रिप्टो एक्सचेंज में अपना पैसा ले जाने का निर्णय लेने पर कृपया अपना उचित परिश्रम करें।

यदि आप बिटकॉइन या अन्य क्रिप्टोकरेंसी खरीदने के तरीके के बारे में अधिक जानना चाहते हैं, तो हमारे [स्टार्टर गाइड](https://coinmarketcap.com/how-to-buy-bitcoin/) को पढ़ें, और बाजार पूंजीकरण के आधार पर [शीर्ष DeFi टोकन](https://coinmarketcap.com/view/defi/) देखें।

Fei USD

HyperPay

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Ethena

Render

Worldcoin

SingularityNET

Ondo

Pepe

Pendle

Aave

Axie Infinity

Maker

Ten Best Coins

RunesBridge

Fideum

Olympus v2

MetaGaming Guild

The Neutrino index is a decentralized financial (DeFi) platform based on the Waves blockchain. The platform rebranded its index token from USDN to XTN. Neutrino has two native tokens, XTN and NSBT.

XTN is an algorithmic crypto-collateralized indexcoin backed by three Waves Ecosystem tokens: WAVES, WX and VIRES. XTN's main function is to encourage user participation in the Neutrino by rewarding those who provide liquidity to the system.

The platform’s other token, NSBT (Neutrino System Base Token), is used for governance purposes: it allows users to make decisions about the future development of the Neutrino protocol, and it ensures the stability of collateral reserves on Neutrino’s smart contract.

New NSBT tokens are issued whenever a user locks WAVES tokens on a contract, which serves as additional backing and insures the system against a deficit. Holders can stake to earn on WAVES to XTN swap fees.

Neutrino Index

The Gemini Trust Company (Gemini) is a digital currency exchange and custodian that allows you to buy, sell and store digital assets, founded in February of 2014. The GUSD is created by the cryptocurrency exchange Gemini.

The company received approval from the New York Department of Financial Services or NYDFS to launch the stablecoin in September of 2018. The Gemini Trust Company holds USD deposits that correspond to the number of tokens that are in circulation.

When it comes to the Gemini Dollar itself, it is an ERC-20 token that is built on the Ethereum network and has smart contracts that are audited by the security company Trail of Bits Inc.

This dollar is intended to bridge the divide between traditional finance and the crypto industry, due to the fact that this specific stablecoin is completely regulated by the NYDFS.

Gemini Dollar

Founded in September of 2018, Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets.

A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued asERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.

Pax Dollar

sUSD is a synthetic USD token enabled by the Synthetix protocol. It tracks the price of the US Dollar through price feeds supplied by Chainlink’s decentralized network of oracles. sUSD is integrated across the DeFi ecosystem as one of the most liquid decentralized stablecoins, including at Curve. It can be traded without slippage for other assets native to the Synthetix protocol at Kwenta or Synthetix.Exchange.

sUSD

TUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.

TrueUSD is attested to in real-time by an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. Users can access the relevant data via the official website tusd.io at any time. TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective on October 7th 2022.

TrueUSD

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

MediBloc (MED) is a South Korean-based decentralized blockchain protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying smart contract technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.

MediBloc

USDD is a stablecoin issued by the TRON DAO Reserve. It’s pegged to the value of the US dollar and aims to provide a reliable, decentralized cryptocurrency for blockchain transactions. USDD can be used for payments, trading, staking and as a value store.

USDD is backed by a number of cryptocurrencies, including Bitcoin, Ethereum and TRON. To ensure stability and security, the reserve is over-collateralized, meaning that it holds more assets than the amount of USDD currently in circulation.

USDD

Celo Dollar

Gnosis (GNO) builds decentralized infrastructure on Ethereum. Its mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity.

Gnosis operates as a decentralized autonomous organization (DAO) which provides infrastructure for various types of decentralized applications (dApps), and builds products to transparently guide decisions on the development, support and governance of its ecosystem.

In November 2021, both the xDAI and GnosisDAO community voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering.

Gnosis

Decred is Money Evolved.

By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”.

Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

Decred

Hive (HIVE) is a blockchain running on a delegated proof-of-stake (DPoS) consensus mechanism. It launched in March 2020 as a hard fork of the centralized Steem blockchain and as a gateway from Web 2.0 to Web 3.0. The blockchain claims to offer “lightning-fast processing times and fee-less transactions.” Examples of use cases include social media with monetized rewards for content creators, interactive blockchain games, identity management, micro-loans and more. The platform powers decentralized applications (dApps) like Splinterlands, PeakD and HiveBlog.

Hive is a social network of apps and services, where users discover the capacity of blockchain technology, connect to the platform and securely share content through equitable redistribution of value. Thus, the users are the proprietors of the network, and sponsors can contact communities and artists directly without intermediaries.

Hive is an open source blockchain that focuses on scaling through layer-2 sidechains, while still benefiting from a common layer-1 blockchain backbone to ensure distributed data integrity. The Hive ecosystem runs on two cryptocurrencies — the native governance token, HIVE and the USD-pegged HBD stablecoin.

Hive

Function X is mirroring traditional financial products on the Function X network and creating decentralized financial products and a decentralized trading system. It is a highly customizable and expandable multi-chain architecture blockchain network (subnets) that can meet different business needs.

Function X

The Bitcoin Standard Hashrate Token (BTCST) was launched on Binance Smart Chain (BSC) on Dec. 13, 2020. It is collateralized by Bitcoin’s (BTC) hashrate, with each token representing 0.1 TH/s of Bitcoin mining power at an efficiency of 60 W/TH. As such, miners contribute their computational power to the platform in exchange for newly minted BTCST tokens.

BTCST’s goal is to bridge liquidity to Bitcoin’s mining market. This will allow users to get exposure to mining rewards and hashpower of any size, at a low cost. The ultimate goal of the app is to increase the liquidity and efficiency of mining power markets.

Bitcoin Standard Hashrate Token

GateChain is a public blockchain which facilitates digital asset transfers, and claims to be “dedicated to asset safety.”

The network’s native token is GateToken (GT). It’s mainly used to pay transaction fees, but users can also stake it to validate transactions and secure the network in exchange for rewards.

GateChain offers an on-chain wallet for users to manage their digital assets directly on the network itself, thereby eliminating the need for a third-party wallet. It’s also fully integrated with the Ethereum Virtual Machine (EVM), making it easy to deploy Ethereum-based smart contracts on the platform.

GateToken

Convex Finance is a DeFi protocol that allows Curve liquidity providersto earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.

Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.

Convex Finance

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.

It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.

JUST

Ampleforth is an Ethereum-based cryptocurrency with an algorithmically adjusted circulating supply. It is designed to be the base money of the new decentralized economy, by providing an asset that cannot be diluted by supply inflation and remains decoupled to the price action of other cryptocurrencies—and Bitcoin (BTC) in particular.

With Ampleforth, token holders own a fixed fraction of the total AMPL circulating supply, rather than a fixed number of tokens. When the protocol detects that the price of AMPL is too high, it increases the circulating supply, whereas the supply is decreased if the price is too low.

This change is propagated to all Ampleforth wallets, which have their wallet balance adjusted proportionally. Irrespective of this change, AMPL holders will still retain the same percentage of the token supply.

This automatic supply adjustment process is known as a “rebase” and occurs once each day, with a positive rebase if the price goes above $1.06, and a negative rebase if it is below $0.96. The overall goal of the system is to create incentives that drive the market price of AMPL back to ~$1.

Ampleforth

Bitcoin Gold was founded in 2017 to become a user-friendly alternative to Bitcoin. The BTG network aims to combine the security and sturdiness of the Bitcoin blockchain and its characteristics with the opportunity for experimentation and development.

BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power or vying for the "real Bitcoin" title. The company aims to present a coin with the implementation capabilities of Bitcoin, however, expanding on the opportunities for DeFi and DApp developers to use the coin.