Fei Protocol TGE Ends With $1.3 Billion FEI Minted

Fei Protocol TGE Ends With $1.3 Billion FEI Minted

New stablecoin project, Fei Protocol, has ended its token generation event (TGE) with 639,000 ethereum (ETH) staked and over $1.3 billion worth of FEI, the project’s stablecoin, minted. Just over 17,000 unique addresses participated in the TGE on Uniswap, with each now eligible to claim FEI depending on the quantity of ETH they committed. The…

DeFi Protocol Synthetix Forges Ahead With L2 Testing 

DeFi Protocol Synthetix Forges Ahead With L2 Testing 

Decentralized finance platform Synthetix has been one of the first to embrace Layer 2 scaling, and it has just posted a progress update. In a March 24 blog post, Synthetix, the synthetic asset trading platform, stated that its transition to Layer 2, which began in January 2020, has been “amazing to watch so far.” It…