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Fei USD

Fei USD FEI Price $ 0.930

Rank: 766

95 Watchlists

Stablecoin

FEI Price

0.930
0.58%
(-$ 0.00543)
Price Range
LowHigh
$ 0.925$ 0.949

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

Wallets

No wallets found yet

Description

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

Fei USD (FEI) Chart

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

FEI to USD Converter

Fei USD (FEI)FEI

FEI Price Statistics

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Market Cap

$ 38.17M

FDV

$ 38.17M

ATH Market Cap

$ 2.35B

24 Trade Vol.

$ 20.37K


Vol. (24h) / MCap

0.000534

Max Supply

FEI 41,038,038

Total Supply

FEI 41,038,038

Circulating Supply

FEI 41.04M

(100% of Max Supply)

Listing Date

5 Apr 2021

All Time High

$ 1.69

14 Feb 2024


All Time Low

$ 0.669

18 Apr 2021


From ATH

45.1%

From ATL

39.1%

What is Fei USD (FEI)?

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.

Fei USD Price Today

Fei USD's current price is $ 0.930, it has dropped -0.58% over the past 24 hours.

Fei USD's All Time High (ATH) of $ 1.69 was reached on 14 Feb 2024, and is currently -45.1% down.

The current circulating supply of Fei USD is 41.04 Million tokens, and the maximum supply of Fei USD is 41.04 Million.

Fei USD’s 24 hour trading volume is $ 20.37 Thousands.

Fei USD's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 38.17 Million.

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