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?

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Employees
11-50

What is the market cap for Fei USD?

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Market Cap
$15.06M

What year was Fei USD founded?

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Year Founded
2020
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.