About Fei Protocol Coin
Fei Protocol price today is $0.832399 with a 24-hour trading volume of $1,897,314. FEI price is up 12.1% in the last 24 hours. It has a circulating supply of 2 Billion FEI coins and a max supply of 2.04 Billion. MXC is the current most active market trading it.
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,