Fei USD 

FEI Price

What is Fei USD (stablecoin)?

Fei USD (FEI) is a decentralized digital currency pegged to the US dollar that utilizes protocol-controlled value to maintain deep secondary market liquidity. The protocol operates on the Ethereum network, using reserve-backed mechanisms and algorithmic incentives to stabilize its price without relying entirely on centralized collateral.

How does the FEI supply mechanism work?

The FEI token features an elastic supply via the protocol's mint and redeem mechanisms, with no fixed maximum cap. New tokens are issued or removed from circulation dynamically to maintain the dollar peg and support the ecosystem's liquidity requirements.

Which investors backed the Fei Protocol private round?

A private funding round for the project closed on March 8, 2021, raising $19,000,000. The investment syndicate was led by Variant, with participation from Andreessen Horowitz (a16z), Coinbase Ventures, Framework Ventures, ParaFi Capital, and angel investor Naval Ravikant.

Where can the Fei USD smart contract be verified?

The primary FEI smart contract is deployed on the Ethereum blockchain. The contract address is 0x956f47f50a910163d8bf957cf5846d573e7f87ca, and its source code and transaction history are publicly verifiable on Etherscan.

On which exchanges is FEI available for trading?

Market participants can trade FEI on the HitBTC centralized exchange against USDT. Decentralized trading is available across multiple automated market makers, including Uniswap V2, Uniswap V3, and Sushiswap, with liquidity pools paired against assets like USDC, DAI, WETH, TRIBE, and DPI.