April 8, 2021 Fei Labs raises $1.2B.

Algorithmic stablecoin protocol Fei raised 639,000 ETH, worth roughly $1.2B, during its Genesis event on Sunday. The event marks the largest raise by a DeFi project to date. Fei is currently trading around $0.80 and has yet to reach its $1 peg, according to CoinGecko.

Sources: