Fei USD. Price of cryptocurrency: $ 1.00785238

What is the name of the protocol? The Defi native stable coin is called the Fei protocol.
The protocol runs on two assets.
The goal is to be a more capital efficient stable coin.
The project was founded in December of 2020. It resulted in $19 million in investment.
There were some issues with the peg in the original mechanism, but through a series of governance upgrades the protocol recovered in the months following launch.
A major upgrade for the system is planned for late 2021.
Who are the originators of the protocol?
Santoro, Montgomery, and Delgado founded the protocol.
Santoro is the CEO of the company. He is a software engineer. He was a software engineer at Okta Inc, helping businesses manage digital identities.
The project has a business lead. She worked as a business lead at ConsenSys, where she built projects on ethereum. She had a successful career in tech companies like nCino and DefenseStorm.
He is a co- founder of the protocol. He worked for more than two years at a DeFi project as a software engineer and also worked for more than a year at the same company as an engineer. The project was backed by several high profile VC funds.
How many FEI coins are in circulation? Like any other stable coin, the max total supply is not capped. Following the demand, it will either be mint or burned.
Where can you buy a protocol?
The specific focus of the protocol makes it possible for most of the exchanges to be decentralized. Uni swap. This is 1INCH. Gate.io is a website. Ox
The Fei Protocol website is another place to buy or sell FEI.
You should do your own due diligence before taking your money to any exchange.
If you want to learn more about how to buy cryptocurrencies, read our starter's guide and look at the top Defi token by market cap.