Fei USD company info

What does Fei USD do?
Fei USD (CRYPTO:FEI) is a decentralized algorithmic stablecoin powered by the Ethereum-based Fei Protocol. It employs price oracles and market incentives to maintain its peg to the US dollar. Price oracles provide real-time data on FEI and the US dollar, guiding the protocol's target price calculations. Market incentives, like the protocol-owned liquidity pool (POL), encourage users to transact FEI near the target price. Fei Protocol, while still in development, achieved a significant milestone with its mainnet launch in 2022. It actively works on expanding features, including cross-chain support and new incentives. The core mission of Fei Protocol is to create a decentralized, censorship-resistant stablecoin accessible to all. They believe stablecoins can transform internet interactions and aim to ensure everyone has access to this technology, contributing to a more secure and inclusive financial system.
Fei USD company media
Company Snapshot

How many people does Fei USD employ?


What is the market cap for Fei USD?

Market Cap

What year was Fei USD founded?

founded flag
Year Founded
What does Fei USD specialise in?
/DeFi /Stablecoin

What are the products and/or services of Fei USD?

Overview of Fei USD offerings
Collateral: FEI can be used as collateral for loans and other financial transactions.
Governance token: FEI holders can participate in the governance of the Fei Protocol by voting on proposals and electing members of the Fei Improvement Proposal Committee.
Medium of exchange: FEI can be used as a medium of exchange to buy and sell goods and services on the internet.
Stablecoin: FEI is a decentralized algorithmic stablecoin that maintains its peg to the US dollar using a combination of price oracles and market incentives.
Store of value: FEI can be used as a store of value, as it is designed to maintain its peg to the US dollar over time.
Unit of account: FEI can be used as a unit of account, as it has a predictable and stable value.