FEI uses a new kind of stablecoin mechanism called protocol controlled value (PCV). It is more capital-efficient, has a fair distribution, and is fully decentralized. The protocol uses the value it controls to maintain liquid secondary markets.
Fei Labs is the team that created FEI, a highly scalable, decentralized, and reserve-backed stablecoin that can meet DeFi’s needs without relying on centralized assets for collateral, that unlocks next-generation integration potential. Our mission is to be the stable coin of DeFi backed by some of the top minds in the space, including a16z, Nascent, Variant, Coinbase,
Fei v2 launches in late 2021, bringing 1:1 redeemability, TRIBE buybacks/backstop, and algorithmic PCV management: https://medium.com/fei-protocol/introducing-fei-v2-6f56afe7a1b5
Where is Fei USD available for purchase?
You can exchange FEI tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Fei USD is Uniswap V2 (Ethereum), notably the FEI/FEI pair, which saw a trading volume of $ 23,813 in the past day. Additionally, Uniswap V3 (Ethereum) and Curve (Ethereum) are popular alternatives for trading tokens.
What is the highest value Fei USD (FEI) has ever reached?
Fei USD (FEI) reached its peak price at 5.55 $ on 16 March 2024, approximately a year ago ago. Presently, the current price is -82.02% lower than this all-time high.
What is the historical minimum price for Fei USD (FEI)?
The minimum price reached for Fei USD (FEI) was 0.1554 $, documented on 30 December 2023, more than 2 years ago. In comparison, the current price is 541.78%, it above this historical low.
What is the fully diluted valuation of Fei USD (FEI)?
The fully diluted valuation (FDV) of Fei USD (FEI) stands at $ 3,96 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 3,945,180.238 FEI tokens. The realization of this FDV might take several years depending on the emission schedule of FEI tokens.
How to add Fei USD (FEI) to MetaMask?
By integrating Fei USD (FEI) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import FEI as a token. You can either manually import FEI by copying its contract address (0x956f47f50a910163d8bf957cf5846d573e7f87ca) or use MetaMask's Chrome extension to add FEI with a single click through P.CASH.
How to add Fei USD (FEI) to TrustWallet?
Incorporating Fei USD (FEI) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include FEI, you can either manually import it using the contract address (0x956f47f50a910163d8bf957cf5846d573e7f87ca) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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