Fei Protocol

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Fei Protocol's governance or utility token carries a market capitalisation of US$1448.9万 based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (US$1448.9万) above the protocol's on-chain TVL (US$7.4) — a mcap/TVL multiple of 1954021.43× implies investors are paying for expected future fee flows rather than current deposits alone.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

由 DeFiLlama 社区标记的重要事件——协议上线、安全攻击、治理变更和激励计划。

1. Apr 30, 2022
   Exploit $80M FEI

Fei Protocol is a Algo-Stables issuance protocol — it mints stable units against collateral (crypto, RWA, or off-chain reserves) and uses redemption or rebalancing mechanisms to hold the peg. It is deployed on Ethereum. The codebase has been independently audited (1 report on file). DeFiLlama tracks 1 historical event for this protocol since 2022.

Fei Protocol is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (US$1448.9万) currently exceeds total value locked (US$7.4) — a mcap/TVL ratio of 1954021.43 suggests the market is pricing in more growth than current deposits support.

Verified external resources for Fei Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Fei Protocol is one of 7 Algo-Stables protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Frax, Mento V2, Generic.Money, and 3 more. These peer protocols collectively secure US$8676.5万 in deposits, giving you a frame of reference for whether Fei Protocol's own TVL is at the top, middle, or tail of the category.

Frax

TVL US$6333.2万 · 24h +0.03%

Mento V2

TVL US$1764.8万 · 24h +1.42%

Generic.Money

TVL US$351.4万 · 24h +0.00%

DefiDollar DAO

TVL US$86.4万 · 24h +3.23%

Lumi Finance

TVL US$84.2万 · 24h -0.17%

Sigmausd

TVL US$56.6万 · 24h -2.12%