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Fei is a next generation stablecoin protocol. We are stoked to share this with the DeFi community! 
medium.com/fei-protocol/i
medium.com/fei-protocol/i1
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This is pretty interesting - question: if the protocol held assets are USD-price volatile (say, ETH) aren't bank run scenarios possible when eth price dumps? And if the reserves are other stablecoins, seems underlying risks propagate to FEI?
Great question! The liquidity pools are naturally subject to price and technical risk of underlying assets. In the case of ETH volatility, the protocol handles undercollateralization gracefully although it could still be a failure mode in long term selloffs
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Governance should be able to mitigate any issues as the burn incentives prolong bank runs over multiple reweight cycles
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