Currencies
16690
Market Cap
$ 1.24T
+2.44%
24h Spot Volume
$ 32.23B
+13.3%
BTC Dominance
37.79%
-0.4%
ETH Gas
10 Gwei

Fei USD

[FEI]
EthereumHECO Chain
FEI uses a new kind of stablecoin mechanism called direct incentives.

Fei USD Price

$ 0.996-0.17

0.0000408-2.17

High / Low

High:$ 1.00

Low:$ 0.995

Fei USD Market Cap

$ 189,816,343 
Ƀ 7,763
FDMC: $ 190,169,170 
ATH: $ 217,757,716 

24h Trade Volume

$ 833,768 
Ƀ 34.10
FEI 836,729

Supply

Circulating:
FEI 190,490,532(99.81%)
Total:
FEI 190,844,612
Max:
FEI 190,844,612

All-Time-High (ATH) Price

$ 1.14 (24 Aug 2021)
Ƀ 0.0000566 (18 Jun 2022)
ETH 0.00112 (18 Jun 2022)
From ATH: -12.8%
To ATH: +14.7%

Fei USD Live Chart

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

Fei USD Live Info Today

Fei USD's current price is $ 0.996, it has dropped -0.17% over the past 24 hours.

Fei USD's All Time High (ATH) of $ 1.14 was reached on 24 Aug 2021, and is currently -12.8% down.

The current circulating supply of Fei USD is 190.49 Million tokens, and the maximum supply of Fei USD is 190.84 Million.

Fei USD’s 24 hour trading volume is $ 833.77 Thousands.

Fei USD's current share of the entire cryptocurrency market is 0.02%, with a market capitalization of $ 189.82 Million.

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.

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