Fei Labs, at this time, cannot support or endorse any proposal, which includes use of Protocol Controlled Value (PCV) assets backing the FEI stablecoin for the reimbursement of funds from the exploit of Rari Capital’s Fuse platform. This is in accordance with Rari Capital’s Terms of Service. Fei Labs remains focused on supporting law enforcement aided investigation into the hack and related efforts for the recovery of the funds.

DeFi is a growing and highly experimental development space, and as such, has significant inherent operational risks, and Fuse is no exception to those risks. Fuse is a distinct product of the Tribe DAO built, maintained, and operated separately from Fei Protocol.

TRIBE holders should evaluate this position with the long term health of the project in mind. Fei Labs encourages and supports collaboration on alternative solutions with the wider community, while wholeheartedly embracing the will of TRIBE holders.