Fei USD (FEI)

Market Cap$39.59m

Price	$1.00

Issuance Stats
Total Circulating	39.51m

Optional Circulating Counts
Unreleased	0

DescriptionFei is a decentralized, scalable, and DeFi-native stablecoin protocol. Fei Protocol's goal is to scalably issue a $1 pegged decentralized stablecoin, FEI.

Category:algorithmic

Minting and RedemptionNew FEI is minted via a buy-only bonding curve denominated in ETH. The Fei Protocol deploys its Protocol Controlled Value as liquidity for trading, and FEI is minted or burned to maintain the peg whenever it is traded.