0.000049 BTC
$426.311M
$2.46
$7.828M
424.996M
2.00%
426.117M
$427.518M
0.05%
0.67%
2.21%
1.25%
1.73%
0.95%
0.67 %
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
We found 2 people related to fei-fei-usd, include Manager Richard Burton
We found 6 organizations related to Fei USD has a16z crypto, Variant, Fei Protocol, ParaFi Capital, Framework Ventures, Coinbase
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 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
But our scientists are working like crazy to get it.