Market Cap: $2,690,561,703,467
24h Vol: $90,429,152,435
Cryptocurrencies: 30358
Markets: 109486
Cryptocurrencies: 30358
Markets: 109486
Market Cap: $2,690,561,703,467     
24h Vol: $90,429,152,435
Cryptela — Cryptocurrency News and Market Intelligence
TheBlock 2021-02-02 11:00:15

Introduction to the Fei Protocol

Introduction to the Fei Protocol
Quick TakeFei Protocol acts as an algorithmic pseudo-central bank that issues the FEI stablecoinCrypto-asset collaterals that back the stablecoin are controlled by the protocol and are deployed to Uniswap as liquidityThe algorithm penalizes selling and incentivizes buying activities on Uniswap when FEI is trading below the $1 peg
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