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Fei Protocol (FEI) price, chart, coin profile and news

Find the latest Fei Protocol (FEI) price, coin profile, news and history to get you started with Fei Protocol trading and investing.

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Fei Protocol (FEI) is the 478th largest cryptocurrency in the world by market cap, valued at $39,265,747. The current price of Fei Protocol is $0.9932, which is 0.425% higher than yesterday. Prices have ranged between $1.003 and $0.98159 over the past 24 hours. All prices are listed in US dollars and accurate as of February 08, 2023 10:02 UTC.

Fei Protocol price chart

Price over the past month

What is Fei Protocol?

Fei Protocol is the platform behind the FEI stablecoin, which was developed for the decentralized finance (DeFi) sector. Built on the Ethereum blockchain, the project aims to bridge the gap between stablecoins that use overcollateralisation and those that apply algorithmic methods.

According to the Fei Protocol documentation, the platform wishes to achieve this while remaining decentralized and capital efficient.

The FEI stablecoin is designed to maintain a 1:1 peg with the US dollar. The Fei Protocol manages this stability by offering direct incentives to maintain the peg. The protocol applies a penalty when users sell below $1 and pays a reward when users buy FEI below $1. It has a number of prominent backers such as Coinbase Ventures, MAScent Ventures, Framework Ventures and Buckley Ventures.

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Fei Protocol at a glance

Basic stats for Fei Protocol

#478
$39 M
40 M
39 M
Joey santoro
Brianna montgomery
Sebastian delgado
Decentralized finance
Stablecoin
Ethereum
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Fei Protocol performance over time

Fei Protocol fundamental and technical analysis

Time frame
Movement
1 day
0.42%
1 week
2.03%
1 month
2.21%
2 months
0.26%
200 days
0.28%
1 year
0.91%
Show all

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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