Rari Capital, Fei Protocol Look to Overcome Bagholder Bias in Ambitious DeFi Merger

Posted on by American Coins & Gold

Rari Capital, Fei Protocol Look to Overcome Bagholder Bias in Ambitious DeFi Merger
Last week, two major decentralized finance (DeFi) protocols proposed an ambitious merger that could create a lending-and-liquidity powerhouse.Untangling the details of how to combine two decentralized entities, however, is proving to be a complicated affair.On Nov. 16, Rari Capital co-founder Jai Bhavnani and Fei Protocol founder Joey Santoro each made a proposal in their counterpart’s governance forums: combine lending protocol Rari and stablecoin protocol Fei via a token merger agreed upon by each’s decentralized autonomous organization (DAO) governance.The joint protocols would immediately command over $2.4 billion in total value locked (TVL), provide a unique combination of stablecoin minting and money…