Fei Protocol

Fei Protocol is a decentralized, scalable and fair stablecoin built on Ethereum.

Fei Protocol is the direct incentive stable coin which is undercollateralized and fully decentralized.

Fei Protocol was founded in 2020 by Joey Santoro and Sebastian Delgado. The company is headquartered in San Francisco, California.

 

FEI uses a new kind of stablecoin mechanism called direct incentives. It is more capital efficient, has a fair distribution, and is fully decentralized. Its protocol uses the value it controls to maintain liquid secondary markets.

 

Fei’s “genesis launch” is set for March 22, when users will be able to post ETH to get FEI tokens. Early participants in the sale and in the protocol’s liquidity pools on DeFi exchange Uniswap will be incentivized with TRIBE, the project’s governance token.

 

Fei has raised $19M in a Series A funding on Mar 08, 2021. Backers included Andreessen Horowitz (a16z), Framework Ventures, Coinbase Ventures and AngelList founder Naval Ravikant, among others.

 

 

  • Year founded: 2020
  • Funding Info: $19M over 1 Round (Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 2-10
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
Related businesses