Bankless TribeDAO - The Biggest Protocol Merge Ever
Jan 5, 2022
Jai Bhavnani, co-founder of Rari Capital, and Joey Santoro, core contributor to FEI Protocol, dive into the monumental merger between Rari and FEI, creating the TribeDAO. They discuss the unprecedented community support behind this move and its implications for decentralized finance. The conversation touches on the complexities of merging DAOs, aligning incentives, and the evolution of competitive dynamics in DeFi. With exciting developments on the horizon, they explore what this means for future collaborations and the changing landscape of governance in the space.
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The TribeDAO Merger
- Rari's Jay Bhavnani and Tribe's Joey Santoro proposed a merger to their respective communities.
- The proposal, debated for over a month, passed with overwhelming support, marking a historic DAO event.
Rari Capital & FEI Synergies
- Rari Capital's Fuse protocol enables lending and borrowing for any on-chain asset.
- FEI's strength is its liquidity engine and PCV, which complements Fuse's need for liquidity.
TribeDAO and FEI
- TribeDAO governs FEI, a decentralized stablecoin backed by ETH and other stablecoins.
- Tribe acts as a liquidity engine, partnering with DAOs and bootstrapping markets.