Introduction to the Fei Protocol
Quick Take
- Fei Protocol acts as an algorithmic pseudo-central bank that issues the FEI stablecoin
- Crypto-asset collaterals that back the stablecoin are controlled by the protocol and are deployed to Uniswap as liquidity
- The algorithm penalizes selling and incentivizes buying activities on Uniswap when FEI is trading below the $1 peg
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Author: Eden Au
