Market Cap: $2,228,879,864,812
24h Vol: $44,079,626,474
Cryptocurrencies: 29568
Markets: 110498
Cryptocurrencies: 29568
Markets: 110498
Market Cap: $2,228,879,864,812     
24h Vol: $44,079,626,474
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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