Fei USD Price Today (Official) | Live FEI Price Chart in USD | CryptoRank.io
Currencies
11700
Market Cap
$ 2.72T
+6.21%
24h Spot Volume
$ 69.39B
+0.96%
BTC Dominance
39.77%
-0.74%
ETH Gas
169 Gwei

Fei USD [FEI]

 
On 11 watchlists
Rank: 160
Token:
Ethereum
USD 1.00
0.43
BTC 0.0000175
-4.87
ETH 0.000231
-5.87

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

Fei USD Market Cap

$ 666,137,557 
Ƀ 11,626
FDMC: $ 666,700,645 
ATH: $ 790,564,833 

24h Trade Volume

$ 95,741,440 
Ƀ 1,671
FEI 95,593,779

Supply

Circulating:
FEI 665,110,181(99.92%)
Total:
FEI 665,672,401
Max:
FEI 665,672,401

All-Time-High (ATH) Price

$ 1.19 (24 Aug 2021)
Ƀ 0.0000339 (20 Jul 2021)
ETH 0.000577 (20 Jul 2021)
From ATH: -15.7%
To ATH: +18.7%

Fei USD's current price is $ 1.00, it has increased +0.43% over the past 24 hours.

Fei USD's All Time High (ATH) of $ 1.19 was reached on 24 Aug 2021, and is currently -15.7% down.

The maximum supply of Fei USD that will ever be issued is 665.67 Millions tokens, and the current supply of FEI in circulation is 665.11 Millions tokens.

Fei USD’s 24 hour trading volume is $ 95.74 Millions.

Fei USD's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 666.14 Millions.

Fei USD Price

Fei USD 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 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

What is Fei USD

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.