Market Cap
$ 2.17T
24h Spot Volume
$ 180.22B
BTC Dominance
Fei Protocol [FEI]
Rank: 78
USD 0.751
BTC 0.0000131
ETH 0.000332

FEI uses a new kind of stablecoin mechanism called direct incentives.

Market Cap

$ 1,529,312,902
Ƀ 26,685
ATH: $ 1,978,210,272 

24h Trade Volume

$ 38,379,565
Ƀ 670
FEI 51,084,050


FEI 2,035,549,315(99.71%)
FEI 2,041,430,949
FEI 2,041,430,949

All-Time-High (ATH) Price

$ 0.972 (07 Apr 2021)
Ƀ 0.000017 (07 Apr 2021)
ETH 0.000479 (07 Apr 2021)
From ATH: -22.7%

Fei Protocol (FEI) is a cryptocurrency token generated on the Ethereum blockchain.

The max. supply of Fei Protocol that will ever be issued is 2.04 Billions tokens, and the current supply of FEI in circulation is 2.04 Billions tokens.

Current Fei Protocol price is $ 0.751 moved up to +1.41% for the last 24 hours.

All time high (ATH) price of Fei Protocol reached $ 0.972 on 7 Apr 2021 and fallen -22.7% from it.

Fei Protocol's share of the entire cryptocurrency market is 0.07% with the market capitalization of $ 1.53 Billion.

Fei Protocol’s 24 trading volume is $ 38.38 Millions. It is trading on 6 markets and 4 Exchanges the most active of them is Uniswap.

Fei Protocol Price Chart

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

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

Fei Protocol Performance USD

PeriodChangeChange (%)HighLow
24H$ 0.0105+1.41%$ 0.756$ 0.669
7D-$ 0.0527-6.55%$ 0.829$ 0.669

What is Fei Protocol

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. New supply of FEI enters circulation via a buy-only bonding curve denominated in ETH. We refer to the ETH accrued from purchases on the bonding curve as Protocol Controlled Value (PCV). We define PCV as any value which is completely owned and controlled by the protocol, without an IOU. It is a subset of Total Value Locked with a stronger use case. The Fei Protocol deploys its PCV exclusively as Uniswap ETH/FEI liquidity at the genesis of the protocol. This is a "liquidity-collateralized" model which removes the need for an overcollateralized debt position. As the supply grows, the bonding curve price approaches a fixed peg to the oracle price. The fixed peg bonding curve creates a guaranteed arbitrage opportunity when the Uniswap price trades above the peg. The protocol will use its liquidity PCV to backstop the Uniswap price when it trades below the peg for a certain period.