FEI is undergoing restructuration which leaves a lot of uncertainty around their protocol. Our initial analysis concluded that FEI was an over-collateralized stablecoin backed by decentralized assets. Pending governance developments, both of these facts may not hold true anymore which suggest Olympus should revisit its position.
On top of that, Joey made it quite clear that they're focusing on surviving and will not be able to honor the 10M buy of OHM at this time. With this in mind it was suggested that we reduce our FEI holdings in the interim.
We are suggesting to not have any FEI exposure until things settle down.