Last updated at 2022/10/04
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Fei USD, $FEI

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$59M
Market Cap 7d %
-1.55%
Market Cap 30d %
-33.53%
Volume 24h
$1.6M
Volume 7d
$6.3M
Mechanism
Governance
Decentralized
Issuer
Fei Protocol
Jurisdiction
n.a.

FEI is an algorithmic stablecoin that is issued by the Fei Protocol and governed via the TRIBE token. It is pegged 1:1 to the USD and the protocol algorithmically ensures that each FEI token can always be minted and redeemed against $1 of collateral from the Protocol Controlled Value (PCV). The protocol accepts DAI, ETH and LUSD as collateral. The target collateral ratio is 100%. If the ratio drops below 100% and the FEI loses its peg, the protocol will buy FEI with newly minted TRIBE and vice versa for a collateral ratio above 100%.

Risks

  • Smart Contract Risk
  • Death Spiral under adversarial conditions (Bank run scenario) in case the collateral is devalued (unlikely for stablecoin collateral, but contagion effects could happen)
  • Hyperinflation of TRIBE token
  • Loss of funds due to de-peg

$FEI Newsticker

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