The post-genesis state of the Fei Protocol By Cointelegraph


Cointelegraph Consulting: The post-genesis state of the Fei Protocol

Following the Fei Protocol falling in need of expectations at first of April, a lot ink has been spilled on the doomed design of the FEI stablecoin and the potential methods to get well. Covalent’s newest findings in Cointelegraph Consulting’s biweekly publication provides as much as the dialogue by taking a more in-depth have a look at how the Fei Protocol post-genesis drama unfolded, by the numbers.

Three weeks in the past, Fei Protocol raised 639,000 Ether (ETH) value roughly $1.3 billion on the finish of the genesis occasion. The info reveals that the occasion attracted 17,567 distinctive customers, but it surely turned out to be closely dominated by whales. Certainly, 241 addresses, every holding greater than $1 million, collectively contributed 63% of the entire ETH genesis worth.