Anderson Mccutcheon · 11 hours ago · 3 min read
FEI Fei Protocol
Market Cap $423,805,274
24H Volume $26,382,199
Circulating Supply 424,996,178 FEI
Total Supply 426,116,733 FEI
All-Time High $1.01345
% from ATH -1%
ATH Date Sep 26, 2021
Fei Protocol ($FEI) represents a direct incentive stablecoin which is undercollateralized and fully decentralized.
The goal of the Fei Protocol is to maintain a liquid market in which ETH/FEI trades closely to the ETH/USD price. FEI achieves this via a new stability mechanism known as direct incentives. Direct incentive stablecoins use dynamic mint rewards and burn penalties on DEX trade volume to maintain the peg. FEI uses Uniswap as its incentivized DEX at launch. Governance can add and update DEX integrations and other incentives as needed.