# ARC: Add support for $FEI as a deposit currency **URL:** \ **Category:** New Asset\ **Created:** [June 11, 2021, 5:37pm UTC](https://governance.aave.com/t/arc-add-support-for-fei-as-a-deposit-currency/4542 "2021-06-11T17:37:02Z")\ **Posts on this page:** 1\ **Showing post:** 29
**Author:** ![pakim249](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/pakim249/32/1139_2.png) [@pakim249](https://governance.aave.com/u/pakim249)\ **Post date:** [August 3, 2021, 3:50pm UTC](https://governance.aave.com/t/arc-add-support-for-fei-as-a-deposit-currency/4542/29 "2021-08-03T15:50:55Z")
> [@Joey-fei](#): > > Assuming the technical implementation can be worked out, Fei Protocol will add TRIBE incentives on both borrowing and lending FEI to drive more volume. We will discuss and commit to numbers on these via snapshot in our community before bringing any FEI proposal on-chain for AAVE. This sounds like an amazing idea, and not just for FEI. AAVE’s reserves can essentially function as a staking vault for any asset if this could be implemented. If protocols could be convinced to have their staking vaults simply moved to AAVE where they can distribute their own rewards, that sounds like an easy way to boost AAVE’s liquidity to me, and other projects would not have to go through the trouble of making their own secure staking vault. Projects trying to distribute their governance tokens will reach a wider user base than they would otherwise. They could also distribute between borrowers and lenders as they wish, a rare power that only a few protocols like AAVE hold. Considering that this has already been done with MATIC, I’d love to know if this could work with multiple assets. --- _[View the full topic](https://governance.aave.com/t/arc-add-support-for-fei-as-a-deposit-currency/4542)._