The algorithmic stable currency Fei is in a stalemate in the civil war, and the $1 billion PCV fund has become a display?

Written in the front: Since the algorithmic stablecoin project FEI was launched on the mainnet, the price of its token FEI has been lower than the anchor exchange rate, which has brought great pressure to the project, and its founding team recently proposed a FIP-1 The reserve stabilization plan aims to use part of the PCV funds to directly repurchase the sold FEI to solve the problem of selling pressure. However, the current majority vote of the FEI community is in favor of "no change", which exposes a huge contradiction between short-term FEI holders and TRIBE governance token holders.

Algorithmic stablecoins have an average increase of 3.68% today: Jinse Finance and Economics quotes show that algorithmic stablecoins have an average increase of 3.68% today. Of the 8 currencies, 7 rose and 1 fell, among which the leading currencies were: BAC (+20.64%), ONS (+14.00%), and BAGS (+4.11%). The leading currencies are: AMPL (-11.78%), RSR (-1.73%). [2021/10/26 20:58:44]

Two days ago, Fei labs officially made the following proposal:

The average drop of algorithmic stablecoins today is 1.14%: According to Jinse Finance, the average drop of algorithmic stablecoins today is 1.14%. Among the 8 currencies, 5 rose and 3 fell, among which the leading currencies were: BAGS (+10.69%), ONS (+7.63%), MITH (+3.06%). The leading currencies are: BAC (-20.54%), RSR (-4.02%), and LUNA (-3.55%). [2021/10/18 20:37:44]

As of press time, 2384 participants have voted, and surprisingly, more than 60% of them voted for option 3, that is, no change (maintain the current market self-regulating situation).

Algorithmic stablecoins have an average increase of 5.51% today: Jinse Finance and Economics quotes show that algorithmic stablecoins have an average increase of 5.51% today. Among the 8 currencies, 5 rose and 3 fell, among which the leading currencies were: LUNA (+32.12%), ONS (+24.50%), and FRAX (+3.50%). The leading currencies are: MITH (-8.04%), RSR (-6.23%), BAGS (-3.62%). [2021/1/27 21:47:32]

Although Fei's design goal is to anchor at $1, TRIBE holders seem unwilling to see this in the short term, because according to the official plan, maintaining Fei's $1 target means early participation in the founding "White prostitution" users at the stage will be able to make a profit and exit (escape from the dungeon). On the other hand, this will continue to consume ETH in the PCV pool, which is obviously not good for TRIBE holders.

Last night, someone in the Fei Protocol Chinese community commented with emotion:

This idea is not only from ordinary participants, some whale players also hold this idea. For example, a whale player who invested 9999ETH and stud TRIBE tokens in the founding stage (0x227d3ca7ce6e4a9a7312dc2b2756ccf0bace8f54) purchased another 15.54 million Fei After that, he mortgaged and voted "no change", and several other whale participants were in a similar situation.

However, the current voting situation has not had a positive impact on TRIBE. A user named "Julia Green" commented in the Fei protocol official discord channel:

A user named "Xbit" retorted:

In the short term, the game between Fei holders and TRIBE governance token holders does not seem to have a clear direction of development. At present, some community members have proposed that the Fei repurchase channel is only provided to participants participating in the founding stage. To avoid the PCV fund pool being destroyed by scientists, this seems to be a compromise solution, what do you think?

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