Verified OGs:
9
CryptoFam:
253
Projects:
26551
BTC:
$108,311
0.12%
ETH:
$4,457.63
2.58%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
$3.86T
Fear&Greed:
48

Fei USD FEI Logo
Fei USD FEI
$0.99788 0.00%
OG Score 0
Reviews 0
Fei USD FEI Logo

Fei USD FEI Price

$0.99788 0%
Low All Time High
$0.15544 $5.55

Introduction

FEI is the stablecoin of the decentralized finance (DeFi) platform Fei Protocol More

OG Score 0
Reviews 0
Market Cap $3.74M
Market Cap Rank # 2621

Token Stats

Fully Diluted Valuation $3.99M
24H Trading Volume $17,691
24H Low / High $0.99 / $ 1.01
Circulating Supply 3.75 M
Total Supply 4.00 M
Max Supply 4.00 M

Info

Categories Stablecoins 7 more
Founder Joey Santoro 2 more
Website app.fei.money 1 more
Socials 2 more
Chains Ethereum Ecosystem
Explorer Ethplorer 3 more
Contracts Fei USD 0x956....f87ca

FEI/USD Price Chart

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$FEI Community Sentiment

OG Evaluation

OG Score

OG Score Rank #NA
Reviews 0
Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 0 .00
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 0 .00
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 0 .00
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 0 .00
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 0 .00
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 0 .00
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

Fei USD $fei User Reviews

What Crypto OGs are Saying About Fei USD

$fei Markets

Name Pair OG Score

About Fei USD $fei

What is Fei USD (FEI)?

Fei Protocol, a decentralized finance (DeFi) platform founded in December 2020 by Joey Santoro, Brianna Montgomery, and Sebastian Delgado, has gained significant attention for its innovative approach to stablecoins. At the core of the protocol are two key assets: the FEI stablecoin and the TRIBE governance token.

FEI, designed to be a capital-efficient and fully decentralized stablecoin, operates on a unique stability mechanism known as direct incentives. This mechanism employs dynamic mint rewards and burn penalties on decentralized exchange (DEX) trade volume, particularly using Uniswap at launch, to maintain a 1:1 peg with the ETH/USD price. The protocol's Protocol Controlled Value (PCV), a subset of Total Value Locked, is used exclusively as Uniswap ETH/FEI liquidity, creating a liquidity-collateralized model that eliminates the need for an overcollateralized debt position.

The project faced initial challenges with its peg, but governance upgrades successfully addressed these issues, demonstrating the protocol's adaptability. Fei v2, a major upgrade launched in late 2021, introduced features such as 1:1 redeemability for FEI against protocol reserves, TRIBE buybacks, and algorithmic PCV management.

Joey Santoro, the founder and CEO of Fei Labs, brings a background in software engineering and crypto to the project. Brianna Montgomery, the business lead, previously worked at ConsenSys and other tech companies, contributing her expertise in business administration, marketing, and economics. Sebastian Delgado, another co-founder, has a history in software engineering at both Dharma Labs and Uber.

The protocol attracted notable investors, including Andreessen Horowitz, Coinbase Ventures, Nascent, and Framework Ventures, securing a $19 million VC investment in early 2021.

FEI is freely tradable on various decentralized exchanges, including Uniswap, 1INCH, Gate.io, and Ox. Additionally, users can buy or sell FEI through the Fei Protocol website, with existing pairs including Ethereum, Tether (USDT), and other cryptocurrencies.

As with any investment decision, it's crucial for users to conduct their own due diligence before engaging with any crypto exchange. The Fei Protocol's commitment to innovation and decentralized stability positions it as a noteworthy player in the evolving landscape of decentralized finance.

Through a unique governance-driven approach and a series of upgrades, Fei Protocol successfully overcame initial peg stability challenges, showcasing its adaptability and commitment to maintaining a liquid market for its users.

What is unique about Fei USD (FEI)?

Fei Protocol stands out for its innovative direct incentives stability mechanism, utilizing dynamic mint rewards and burn penalties on DEX trade volume to maintain a 1:1 peg with the ETH/USD price, fostering a capital-efficient and fully decentralized stablecoin.

Who are the founders of Fei USD (FEI)?

Fei Protocol was founded by Joey Santoro, CEO of Fei Labs, Brianna Montgomery, the project's business lead, and Sebastian Delgado, with backgrounds in software engineering, crypto, and extensive experience in the tech industry.

Who are the backers/investors of Fei USD (FEI)?

Backers and investors in Fei Protocol include Andreessen Horowitz (a16z), Coinbase Ventures, Nascent, and Framework Ventures, contributing to a $19 million VC investment in early 2021.

Where can I buy Fei USD (FEI)?

You can buy Fei USD (FEI) on Uniswap V3 (Ethereum), Uniswap V2 (Ethereum)Curve (Ethereum) cryptocurrency exchanges.

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