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Rari Capital and Fei Protocol Are Now A Single DAO

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

DeFi protocols Rari Capital and Fei Protocol have agreed to merge after members of the community voted in favor of the move

Members of Rari Capital and Fei Protocol have voted for the two decentralized autonomous organizations (DAOs) to be merged. The vote took place at Ethereum block height 13850929. 

The proposal was adopted by a 93% to 1% margin among Rari’s RGT holders and a 90% to 0% margin among those with Fei’s TRIBE. This latest development is one of the biggest mergers in decentralized finance history.

A DAO is an organization that is governed by computer code and programs and has the ability to function autonomously, without the need for a central authority.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.