Fei Protocol struggles with a bug as holders are mostly unable to sell the token

Fei Protocol struggles with a bug as holders are mostly unable to sell the token

A vulnerability patch left the protocol with only partial functionality, but the price is still holding. Wednesday’s crypto market correction put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particular mechanics of the protocol, the FEI token became impossible to sell as its main liquidity pool quotes a negative price for the token.The Fei protocol is a recently-launched project that has immediately attracted billions in liquidity and total value locked by selling its FEI....


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