Market Cap: $2,354,119,379,368
24h Vol: $98,927,734,126
Cryptocurrencies: 28724
Markets: 116282
Cryptocurrencies: 28724
Markets: 116282
Market Cap: $2,354,119,379,368     
24h Vol: $98,927,734,126
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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