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![Fei USD](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2021/04/Fei-Labs-logo.jpg&w=100&h=100&q=75)
Rank #885
FEI Fei USD
FEI Price
$0.95454
-1.52% Market Cap
$15.69M
24H Volume
$99.63K
Circ Supply
16.43M
Fei USD Info
Fei Protocol ($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.
Fei USD News
Fei USD Organization & Team
![Fei USD](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/images/person-no-photo.png)
Joey Santoro
Co-founder
![Fei USD](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/images/person-no-photo.png)
Sebastian Delgado
Co-founder
![Fei USD](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/images/person-no-photo.png)
Brianna Montgomery
Fei USD Intel
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