Fei USD (FEI)

Fei USD (FEI)

Rank #79

$1

0.67%

0.000049 BTC

FEI
USD

MARKET CAP

$426.311M

ALL TIME HIGH

$2.46

VOLUME 24H

$7.828M

CIRC. SUPPLY

424.996M

VOL/MCAP

2.00%

TOTAL SUPPLY

426.117M

DILUTED MCAP

$427.518M

MAX SUPPLY

--

1H USD

0.05%

24H USD

0.67%

7D USD

2.21%

30D USD

1.25%

60D USD

1.73%

90D USD

0.95%

Tag:

defistablecoinalgorithmic-stablecoinView all

Fei USD Price Chart

24h Change

0.67 %

Fei USD - FEI Profiles

What is Fei Protocol?

Prior to delving into Fei Protocol, I'd like to discuss the current state of stablecoins in the market.

Due to the convenience and popularity of USDT, USDC, and BUSD stablecoins, we, as retail users, primarily interact with them in almost all DeFi activities. But these stablecoins are issued by centralized entities.

As a result, this stablecoin concept is diametrically opposed to the blockchain's original concept of decentralization and there are concerns about these stablecoins; thus, a "more" decentralised stablecoin is required to address this issue.

DAI is the first solution. It's a type of over-collateralized stablecoin that's issued entirely on-chain. A user needs to deposit assets like ETH or BTC in order to mint a portion of DAI that can be used for various purposes. However, there are still some issues. Over-collateralization of DAI leads to problems with capital efficiency. Consequently, large-scale expansion for DAI is challenging.

Fei Protocol introduced the FEI stable coin in January 2021 as a brand-new concept aimed at resolving the problems listed above.

Read more: CLICK HERE

People

We found 2 people related to fei-fei-usd, include Manager Richard Burton

Organizations

We found 6 organizations related to Fei USD has a16z crypto, Variant, Fei Protocol, ParaFi Capital, Framework Ventures, Coinbase

a16z crypto

a16z crypto

2009
Menlo Park, California, United States
About

a16z crypto is a $300M venture fund that will invest in crypto companies and protocols. Their fund is designed to include the best features of traditional venture capital, updated to the modern crypto world.

Fei USD Price Live Data

FEI Price

$1

Trading Volume

$7.83 M

All Time High

$2.46

1hour Change

0.05%

24hours Change

0.67%

24hours Range

0.58%

24hours Low

$0.99

24hours High

$1.00

Liquidity ±2%

$0.00

Bids -2%

$0.00

Asks +2%

$0.00

Market Cap

$426.31 M

Fully Diluted Market Cap

427.52 M

Circulating Supply

425.00 M

Total Supply

426.12 M

Max Supply

0.00

Fei USD Markets

See All Market
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