Fei Protocol: Stablecoin maintains peg with incentives and PCV.
Fei Protocol uses direct incentives and PCV to maintain its ETH/FEI peg on Uniswap, ensuring a liquid market.
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What is Fei USD (FEI)?
The Fei Protocol aims to keep the ETH/FEI trading price close to the ETH/USD price by using direct incentives. This involves adjusting rewards for minting and penalties for burning based on DEX trading volume to stabilize the peg, initially using Uniswap. The protocol's governance can adjust DEX integrations and incentives as needed. FEI is created through a buy-only bonding curve using ETH, which is termed Protocol Controlled Value (PCV) – value completely owned and controlled by the protocol. The PCV is used as liquidity for the Uniswap ETH/FEI pair, creating a liquidity-collateralized model. The bonding curve price nears a fixed peg as supply increases, leading to arbitrage opportunities if the Uniswap price exceeds the peg. The protocol uses its PCV liquidity to support the Uniswap pri...
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Fei USD price live information
As of now, Fei USD is trading at 0.9958 USD, with a 24-hour trading volume of approximately 61.51K USD. The FEI to USD price is updated in real time. Over the past 24 hours, Fei USD has decreased by 0.26%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 40.87M USD. Currently, there are 41 038 038 FEI in circulation out of a maximum supply of 41 038 038 FEI.
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