Market Cap: $1,573,116,625
ATH: $0.9773, 2021-04-04T13:33:59.514Z
Maximum supply: 2,041,428,422
Circulating supply: 2,034,834,824
Contract Address: 0x956f47f50a910163d8bf957cf5846d573e7f87ca
FEI uses a new kind of stablecoin mechanism called direct incentives. It is more capital-efficient, has a fair distribution, and is fully decentralized. The protocol uses the value it controls to maintain liquid secondary markets.
Fei Labs is the team that created FEI, a highly scalable, decentralized, and reserve-backed stablecoin that can meet DeFi’s needs without relying on centralized assets for collateral, that unlocks next-generation integration potential. Our mission is to be the stable coin of DeFi backed by some of the top minds in the space, including a16z, Nascent, Variant, Coinbase,