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    Fei USD priceFEI

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    Fei USD price calculator

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    FEI
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    1 FEI = 0.9890 USD
    Last updated 2024-11-24 09:36:42(UTC-0)
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    Fei USD price live data summary

    The live price of Fei USD is $0.9890 per (FEI / USD) today with a current market cap of $7.13M USD. The 24-hour trading volume is $91,237.94 USD. FEI to USD price is updated in real time. Fei USD is 1.59% in the last 24 hours. It has a circulating supply of 7,210,052 .

    What is the highest price of FEI?

    FEI has an all-time high (ATH) of $2.46, recorded on 2021-11-16.

    What is the lowest price of FEI?

    FEI has an all-time low (ATL) of $0.00, recorded on 2021-04-03.
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    Fei USD price prediction

    What will the price of FEI be in 2025?

    Based on FEI's historical price performance prediction model, the price of FEI is projected to reach $1.12 in 2025.

    What will the price of FEI be in 2030?

    In 2030, the FEI price is expected to change by +10.00%. By the end of 2030, the FEI price is projected to reach $1.43, with a cumulative ROI of +44.20%.

    Fei USD ratings

    Average ratings from the community
    4.6
    100 ratings
    This content is for informational purposes only.

    About Fei USD (FEI)

    What Is Fei USD?

    Fei USD is a decentralized stablecoin created by the FEI Protocol, designed to maintain a stable value pegged to the US dollar. Unlike traditional stablecoins backed by physical assets like USD or gold, Fei USD employs an algorithmic mechanism to adjust its supply based on market demand. This innovative approach enables Fei USD to offer a stable store of value and facilitate transactions on the blockchain, mitigating the volatility typically associated with cryptocurrencies.

    The Fei Protocol, built on the Ethereum blockchain, introduces a unique concept called “direct incentives” to stabilize Fei USD's value. This mechanism rewards users for buying or selling Fei USD on decentralized exchanges (DEXs) like Uniswap, depending on whether its price is above or below its target value. These incentives aim to align the Fei USD price with its intended peg, usually set at $1, making it a practical option for DeFi applications such as lending, borrowing, and trading.

    Resources

    Official Documents: https://docs.tribedao.xyz/docs/intro

    Official Website: https://fei.money/

    How Does Fei USD Work?

    Fei USD operates as an algorithmic stablecoin, eliminating the need for traditional collateral. The protocol's core mechanism, known as Direct Incentives Mechanism (DIM), plays a pivotal role in stabilizing the Fei USD token's price. When users purchase Fei USD with ETH, the ETH is deposited into a liquidity pool, and Fei USD is minted in return, based on the prevailing market price.

    The protocol employs a “burn and mint” strategy to maintain its price peg. If Fei USD's price exceeds the peg, users can burn their tokens to withdraw ETH from the liquidity pool, reducing Fei USD's supply and lowering its price. Conversely, when the price dips below the peg, users can buy Fei USD with ETH, prompting the protocol to mint new tokens, thus increasing the supply and elevating the price.

    Incentivizing user participation is crucial for this mechanism. The protocol offers “PCV rewards” (Protocol Controlled Value rewards) to users who engage in these activities, especially when burning Fei USD during high-price periods. This decentralized approach, free from collateral or centralization, relies on user interaction and the direct incentives mechanism to sustain its price peg.

    What Is FEI Token?

    FEI is the native stablecoin of the Fei Protocol designed to be decentralized and efficient. Its supply is essentially unlimited, governed by minter and burner contracts that manage token release through bonding curves and trade incentives. The FEI token's peg is maintained by two primary elements of the Fei Protocol: the Protocol Controlled Value (PCV) and direct incentives.

    The PCV is a novel concept where the protocol permanently retains user-deposited funds, focusing on essential tasks like maintaining the $1 peg. This approach allows the protocol to adjust its operations based on market conditions, ensuring the stability of the FEI token. The direct incentives feature, meanwhile, encourages the use and trading activity of FEI, stabilizing its exchange rate and discouraging selling when its price falls below $1.

    What Determines Fei USD’s Price?

    The price of Fei USD, a prominent player in the decentralized finance (DeFi) sector, is primarily determined by its innovative algorithmic model, a cornerstone feature that sets it apart in the blockchain and cryptocurrency landscape. At its core, the Fei Protocol employs a dynamic system known as the Direct Incentives Mechanism (DIM), which adjusts the supply of Fei USD based on real-time market conditions. This mechanism operates on the principle of creating equilibrium in the market: when the price of Fei USD exceeds its dollar peg, the protocol incentivizes users to burn their Fei USD in exchange for Ethereum (ETH), effectively reducing the supply and aligning the price back to its target. Conversely, when the price falls below the peg, users are encouraged to purchase Fei USD with ETH, leading to the minting of new tokens and an increase in supply, which helps elevate the price to its intended peg.

    Another critical factor influencing Fei USD's price is the Protocol Controlled Value (PCV), a unique aspect of the Fei Protocol that ensures a stable and decentralized financial ecosystem. The PCV is a reserve of assets, primarily in ETH, managed by the protocol to support the direct redemption of Fei USD at its pegged value. This system allows for a more decentralized approach to price stability, as opposed to traditional collateral-backed stablecoins. The PCV also plays a strategic role in liquidity provision and yield farming, contributing to the overall health and stability of the Fei USD token. By integrating these advanced blockchain technologies, Fei USD stands as a testament to the potential of algorithmic stablecoins in the evolving world of DeFi, offering a stable, scalable, and decentralized currency solution.

    Fei USD price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +1.59%+0.89%+1.74%+0.98%-0.88%+25.51%

    Fei USD price history in USD

    The price of Fei USD is -0.88% over the last year. The highest price of in USD in the last year was $1.5 and the lowest price of in USD in the last year was $0.7222.
    TimeLowHigh
    24h$0.9727$1
    7d$0.9724$1
    30d$0.9686$1
    90d$0.9331$1.14
    1y$0.7222$1.5
    All-time--(2021-04-03, 3 years ago )$2.46(2021-11-16, 3 years ago )

    Fei USD market information

    Market cap
    $7,130,420.61
    +1.59%
    Fully diluted market cap
    $7,385,828.09
    +1.59%
    Volume (24h)
    $91,237.94
    +41.78%
    Market rankings
    Circulation rate
    +96.00%
    24h volume / market cap
    0.0127
    Circulating supply
    7,210,052 FEI
    Total supply / Max supply
    7,468,311.77 FEI
    -- FEI
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    How to buy Fei USD(FEI)

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    FAQ

    What is the current price of Fei USD?

    The live price of Fei USD is $0.99 per (FEI/USD) with a current market cap of $7,130,420.61 USD. Fei USD's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Fei USD's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Fei USD?

    Over the last 24 hours, the trading volume of Fei USD is $91,237.94.

    What is the all-time high of Fei USD?

    The all-time high of Fei USD is $2.46. This all-time high is highest price for Fei USD since it was launched.

    Can I buy Fei USD on Bitget?

    Yes, Fei USD is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

    Can I get a steady income from investing in Fei USD?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Fei USD with the lowest fee?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

    Where can I buy Fei USD (FEI)?

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