Die Crypto Nerd Show #16 - Dapper, Coinbase, Liquidity, EPNS, Mobilecoin und natürlich Fei
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Viele Nachrichten und auch ein weniger tieferer Blick in Fei.

Wir haben uns umbenannt, willkommen bei der Crypto Nerd Show, weiterhin mit Oliver) und Sebastian).

Für mehr Unterhaltung rund um Crypto, unsere Telegram Gruppe) gibt gas.

Stuff

• Dapper Labs Raises $305m)

• Coinbase Releases Numbers)

• Coinbase is the Mainstream Bet)

• Bubble Time Reached? We are Linking Stars to Bitcoin on TikTok)

• Liquidity Goes Live)

• LiquidityProtocol Test)

• Signal Adds Mobilecoin in the UK)

• EPNS Token Generation Event)

Token Sales

• Coinlist Launched Phase 4 of Casper Sale)

• Mina Token Sale on Coinlist)

• Clover Announced on Coinlist)

The FEI Stable Coin Story Up Till Here

• Fei

• Introducing Fei Protocol)

• bonding curves) denominated in any erc20 or eth

• Fei Analytics))

• initial PCV is used to setup ETH/FEI Uniswap Pool) (20210405 at 2.6b USD)

• FEI is Minted to Match ETH that the PCV ownes (this initial group is called the Genesis Group))

• In case of extended periods blow the PEG, reweight can happen

• Withdraw all protocol owned liquidity

• Buy FEI with withdrawn ETH

• Burn excess FEI

• Put into Pool again

• Direct Incentives put the system back in PEG

• Below the peg, selling FEI for ETH will be disincentivated via extra burn of FEI

• Below the peg, buying FEI will Mint extra FEI.

• they believe governance tokens in PCV models accrue more value

• In the Initial Genesis Phase):

• the bonding curve is set to 100m FEI … but 1.2b USD were raised, so most of that was raised at $1.01 per FEI.

• 10% of 1B TRIBE were distributed (see here)

• Then liquidity mining starts

• Further Comments

• Price of FEI has been below PEG and people feel they lost.

• Sam Kazemian has a good Thread about Fei comments)

• Jon Wu hhas another one, but negativen Thread about Fei)

• First reweight didn't really help: the reweight).

• FEI Labs Turns off burn incentive) - thereby making it fine to withdraw your ETH again.

• Another Great Thread by Sam)

• FEI vs. FRAX

• Tied to other stablecoins (and thus to their risks)

• Stability Mechanism)

• Buybacks & Recollateralization)

• No reweighting

• Seigniorage model is different