TechFlow news — The Fei Protocol community has initiated voting on Proposal 112 regarding "Fuse compensation," aiming to whitelist the "Fuse compensation" contract as a secure PCV address for regulatory reimbursement. In a previous snapshot, the community already expressed support for using PCV funds to repay losses from the attack on Fuse. This new proposal provides additional technical details and a related timeline. If the vote passes, the "Fuse compensation" contract will be added to the whitelist and full compensation will begin immediately. If it fails, full compensation will still begin immediately without adding the "Fuse compensation" contract to the whitelist.
Meanwhile, Fei Labs, the development company behind Fei Protocol, published a blog post today stating that it currently cannot support or endorse any proposal involving the use of PCV assets backing the FEI stablecoin to reimburse funds stolen from Rari Capital's Fuse platform. This stance aligns with Rari Capital’s terms of service. However, Fei Labs will continue to assist law enforcement in investigating the hack and recovering funds. Fei Labs emphasized that Fuse was built, maintained, and operated independently from Fei Protocol, but it encourages and supports collaboration with the community on alternative solutions.
Earlier in May, Rari Capital’s capital pool on Fuse was hacked, resulting in the theft of approximately 28,380 ETH, worth around $80.34 million at the time.
