The DEI Stablecoin developed on the DeFi protocol of Fantom DEUS Finance (DEUS) lost its peg to the dollar and fell below $0.60.
However, the DEUS protocol control token rose from $163.40 to $327.28 and later corrected to $255.36.
DEI has collateral.
So by issuing 1DEI the user must pledge $1 in USD Coin (USDC), Fantom (FTM), DAI, WBTC or DEUS.