1. Shred the cheese 12 hours prior to preparation.
2. Warm 6-7 tbsps of the virgin olive oil on a low heat in a clay pot and carefully fry the feta until nicely colored, adding more oil if necessary.
3. When done, stack the peppers on top and sprinkle the paprika and chili powder on them.
4. Serve the spicy fried feta while still hot.