Total dollar volume24H $1,659.46
High24H 0.9731 USDT
Low24H 0.97 USDT
Market Cap #1098$6,628,338
FDV $6,879,367
Turnover rate 0.03%
Circulating supply 6,819,278
Total supply 7,077,538
Max supply 7,077,538
All time high date
Feb 14, 2024
Down from All time high -95.14%
Cycle low 0.0786 USDT
Cycle low date
Aug 16, 2024
Up from cycle low 1136.64%
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