Fei Protocol represents a direct incentive stablecoin which is undercollateralized and fully decentralized.

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.

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Coin’s Details

  • Market Capitalization

    $383.36 M

  • Fully diluted valuation

    $384.61 M

  • Volume 24H

    $34.23 M

  • Circulating supply

    382 934 439

  • Total supply

    384 187 488

  • Circ. percent


  • All-time high

    $1.11 (-9.84%)

  • All-time high date

    May 19th, 2021

  • All-time low

    $0.6694 (49.2%)

  • All-time low date

    Apr 18th, 2021

  • First announced