Market Cap: $2,905,692,986,217
24h Vol: $64,980,493,784
Cryptocurrencies: 26009
Markets: 101336
Cryptocurrencies: 26009
Markets: 101336
Market Cap: $2,905,692,986,217     
24h Vol: $64,980,493,784
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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