FEI uses a new kind of stablecoin mechanism called direct incentives. 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.
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Fei Protocol
FEI USES A NEW KIND OF STABLECOIN MECHANISM CALLED DIRECT INCENTIVES. IT IS MORE CAPITAL EFFICIENT, HAS A FAIR DISTRIBUTION, AND IS FULLY DECENTRALIZE...
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