The funding comes from Andreessen Horowitz (a16z), Framework Ventures, Coinbase Ventures and others. ParaFi Capital and Variant Fund also participated in the round.
Fei’s launch is set for 22 March 2021, when users will be able to post ETH to get FEI tokens. Early participants in the sale and in the protocol’s liquidity pools on DeFi exchange Uniswap will be incentivized with TRIBE, the project’s governance token.
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