Currencies
16198
Market Cap
$ 910.61B
-0.51%
24h Spot Volume
$ 16.82B
-4.78%
BTC Dominance
39.98%
-0.28%
ETH Gas
17 Gwei

DEI

[DEI]
DEI is an algorithmic cross-chain fractional-reserve stablecoin that is open-source and permissionless

DEI Price

$ 0.454-2.34

0.0000238-1.73

High / Low

High:$ 0.483

Low:$ 0.451

Contracts

DEI Market Cap

$ 18.14M 
Ƀ 951.01
FDMC: $ 18.14M 
ATH: $ 188.77M 

24h Trade Volume

$ 50.22K 
Ƀ 2.63
DEI 110.56K

Supply

Circulating:
DEI 39.93M
Total:
DEI 39.93M

All-Time-High (ATH) Price

$ 4.73 (17 May 2022)
Ƀ 0.000158 (17 May 2022)
ETH 0.00232 (17 May 2022)
From ATH: -90.4%
To ATH: +940.7%

DEI Live Chart

DEI price Index provides the latest DEI price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

The DEI to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

DEI to USD Converter

DEI

DEI Live Info Today

DEI's current price is $ 0.454, it has dropped -2.34% over the past 24 hours.

DEI's All Time High (ATH) of $ 4.73 was reached on 17 May 2022, and is currently -90.4% down.

The current circulating supply of DEI is 39.93 Million tokens, and the maximum supply of DEI is 39.93 Million.

DEI’s 24 hour trading volume is $ 50.22 Thousands.

DEI's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 18.14 Million.

What is DEI

DEI is an algorithmic cross-chain fractional-reserve stablecoin that is open-source and permissionless. DEI's collateral ratio is free-flowing, consisting of roughly 20% DEUS tokens and 80% of another trusted stablecoin (depending on the target chain it’s on). This collateral ratio is dynamic, constantly adjusting, and is being monitored by arbitrage bots. DEI is the backbone of the DEUS ecosystem, it represents 100% of the collateral for synthetic and derivative assets. Additionally, powered by Muon, DEI has one unified bridge to all EVM chains, making it incredibly simple to move liquidity between blockchains.

What makes DEI unique?

  • Muon Oracles – DEI leverages Muon’s Subsequential Consensus and its Pythia module for live price feeds. As opposed to Uniswap’s TWAP or Chainlink’s oracles, Muon has on-demand price feeds with HTTP latency as its only lag. Price fluctuations are absorbed instantaneously. To learn more about Muon oracles, visit their gitbook here.
  • Trustless Bridges – There is no use in having cross-chain bridges if there is no liquidity on the other end of the bridge. With DEI, this has been solved by wrapping underlying stablecoins in a fractionalized way together with incentivized IL-free stablefarms on all blockchains. For every dollar that enters on chain A, the same dollar value can be redeemed on chain B (for another stablecoin). As opposed to creating deep liquidity for DEI on DEX’s, DEI’s free-flowing composition allows users to always redeem DEI for 1$ by tapping into currently existing stablecoin liquidity of external protocols.
  • Two Tokens – DEI is the stablecoin targeting a tight band around $1/coin. DEUS ($DEUS) is the DEI governance token that accrues fees, seigniorage revenue, and excess collateral value. Additionally, the $DEUS token serves huge utility outside of the DEI ecosystem as well.

DEI borrowing enables users to stake their LP tokens, earn APY, and borrow additional DEI against their positions.

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