Fei USD
FEI uses a new type of stablecoin mechanism called protocol-controlled value (PCV). 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, reserve-backed stablecoin that meets DeFi’s needs without relying on centralized assets as collateral and unlocks next-generation integration potential. Our mission is to be the stablecoin of DeFi, backed by some of the top minds in the space, including a16z, Nascent, Variant, and Coinbase. Fei v2 launched in late 2021, bringing 1:1 redeemability, TRIBE buybacks/backstop, and algorithmic PCV management: https://medium.com/fei-protocol/introducing-fei-v2-6f56afe7a1b5
Overview
FEI uses a new type of stablecoin mechanism called protocol-controlled value (PCV). 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, reserve-backed stablecoin that meets DeFi’s needs without relying on centralized assets as collateral and unlocks next-generation integration potential. Our mission is to be the stablecoin of DeFi, backed by some of the top minds in the space, including a16z, Nascent, Variant, and Coinbase. Fei v2 launched in late 2021, bringing 1:1 redeemability, TRIBE buybacks/backstop, and algorithmic PCV management: https://medium.com/fei-protocol/introducing-fei-v2-6f56afe7a1b5
- Ecosystem
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Team
Team information has not been disclosed.
Funding history
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