Bitcoin (BTC) $77,133.09 2.02%
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Solana (SOL) 84.062197 1.72%
Cardano (ADA) $0.25 1.31%
Chainlink (LINK) $9.16 0.98%
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Cryptocurrencies: 28843

Markets: 113979

Market Cap: $2,569,783,801,798

24h Vol: $121,908,070,247

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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