# Fei

By [vipus.eth](https://paragraph.com/@vipus) · 2022-06-07

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The mission of Fei Protocol is to create a decentralized stablecoin, FEI, using a Protocol Controlled Value (PCV) and Direct Incentives model to maintain its peg to the dollar.

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*Originally published on [vipus.eth](https://paragraph.com/@vipus/fei)*