Fei USD Price (FEI)
Fei USD to USD Chart
Please wait, we are loading chart data
FEI Price Live Data
The live Fei USD price today is $0.996613 USD with a 24-hour trading volume of $226,384,619 USD. We update our FEI to USD price in real-time. Fei USD is down 0.11% in the last 24 hours. The current CoinMarketCap ranking is #167, with a live market cap of $423,556,742 USD. It has a circulating supply of 424,996,178 FEI coins and the max. supply is not available.
If you would like to know where to buy Fei USD, the top cryptocurrency exchanges for trading in Fei USD stock are currently Gate.io, ZT, Uniswap (V3), AOFEX, and MEXC. You can find others listed on our crypto exchanges page.
What Is Fei Protocol (FEI)?
Fei protocol is a DeFi native algorithmic stablecoin. The aim of Fei is to propose a technological solution in a sweet spot between rigid overcollateralized decentralized stablecoin and centralised custodial stablecoins.
Fei Protocol runs on two crypto assets: FEI stablecoin and TRIBE governance token.
FEI is aimed to be a more capital efficient and fully decentralized stablecoin. The protocol uses the value it controls to maintain liquid secondary markets and earn yield for the protocol.
The project was founded in December 2020 and immediately attracted significant interest in the crypto community. It resulted in $19 million VC investment in early March 2021. Among the names that have entered this project are Andreessen Horowitz (a16z), Coinbase Ventures, Nascent and Framework Ventures.
There were some issues with the peg in the original mechanism, but through a series of governance upgrades the protocol recovered in the months following launch.
Fei v2 intends to be a major upgrade for the system and will launch in late 2021. It features 1:1 redeemability for FEI against protocol reserves, TRIBE buybacks and backstop, and algorithmic protocol controlled value management.
Who Are the Founders of Fei Protocol?
Santoro is the founder at Fei Protocol and the CEO of Fei Labs. His background is in software engineering and crypto. Prior to Fei he has been a software engineer at Okta Inc, a software company, helping businesses manage digital identities. He graduated from Duke University, majoring in computer science in 2019, where he also has served as a research assistant and co-president of the local Blockchain Lab.
Brianna Montgomery is the project’s business lead. Prior to joining the Fei team she has worked as a business lead at ConsenSys, a blockchain studio, building projects on Ethereum. She had a successful career featuring similar roles in a few other tech companies, including Coriant, DefenseStorm and nCino. She has a magna cum laude degree in business administration, marketing and economics from University of North Carolina at Wilmington
Delgado is the third co-founder of Fei Protocol. His experience includes serving more than two years at a DeFi project Dharma Labs as a software engineer and even longer at Uber in the same role. He graduated from the UС Berkeley with degrees in cognitive science and computer science. The project was backed by several high profile VC funds, including Nascent Capital, Andreessen Horowitz and Coinbase Ventures and internet celebrity guru Naval Ravikant.
How Many Fei Protocol (FEI) Coins Are There in Circulation?
Fei is a stablecoin, like with any other stablecoin it’s max total supply is not capped. It will be minted or burned following the demand. Supply in October 2021 exceeds 600 million.
Where Can You Buy Fei Protocol (FEI)?
FEI is a freely tradable token, available on a number of exchanges, most of them decentralised due to the specific focus of the protocol. Exchanges trading FEI include: * Uniswap * 1INCH * Gate.io * Ox
Another place to buy or sell FEI is through the Fei Protocol website. Existing pairs include Ethereum, Tether (USDT) and other coins.
Please do your own due diligence upon making a decision to take your money to any crypto exchange.
FEI to USD Converter
FEI Price Statistics
|Fei USD Price||$0.9966|
|24h Low / 24h High|
|Volume / Market Cap||0.5345|
|Total Value Locked (TVL)||$1,123,411,201|
|Fully Diluted Market Cap||$424,673,501.70|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighNov 17, 2021 (14 days ago)
All Time LowApr 03, 2021 (8 months ago)
|Fei USD ROI||No Data|
|Circulating Supply||424,996,178 FEI|
|Total Supply||426,116,733 FEI|
|Max Supply||No Data|