DEI is a fractional reserve stablecoin that serves as the unit of account for all trading within the Deus ecosystem.

Risk Rating
Watch Out
What we like
DEI's fractional reserve backing provides a significant advantage in scalability and capital efficiency versus fully collateralized stablecoin protocols.
What we like less
DEI has potentially concerning reflexivity as it is dependent on DEUS. DEUS is used to mint and redeem for DEI based on the current collateralization ratio, which can lead to negative feedback loops in volatile market conditions.
What it means for you
Offers you an alternative and more capital efficient way to access stablecoins through an algorithmic partially-collateralized system.
  • Fantom
Key Metrics
  • Market Cap: $3.2M
  • Fully Diluted Valluation: $3.2M
  • FDV / MC: 1
  • Ranking inside Exponential (among stables): #34
  • Circulating Supply: 9,468,723
  • Total Supply: 9,468,723
  • Volume (24H): $240.2
  • ATH: $1.49 (10/26/2022)
  • ATL: $0.16 (08/10/2022)
Risk Assessment
Watch Out
Asset Strength

DEI is a low-cap asset with questionable collateral reserves. DEI is exposed to death spiral risk as its price depends on another asset, thus creating negative feedback loops. This asset is exposed to the underlying risks of Deus, a protocol rated as Risky. The asset has an uncapped supply but has inflation control or burn mechanisms in place.

DEI is a stablecoin that often trades more than 100bps off its peg to , making it a highly volatile store of value.

Asset Volatility

DEI is a stablecoin that often trades more than 100bps off its peg to , making it a highly volatile store of value.



Things to know about DEI

How is DEI created?

DEI is a fractional stablecoin created by Deus that leverages the design principles of Frax, using both a collateralized system and a fully algorithmic system (with no backing). Its value is pegged to the USD and kept stable through an economic system of aligned financial incentives. The Deus protocol consists of a two-token system with the DEI stablecoin and the DEUS governance token. DEI is minted when users deposit the relevant amount of its constituent parts into the system. At Genesis, DEI was 100% collateralized, meaning users could only mint DEI by depositing an equivalent amount of stablecoins. In the fractional phase, DEI will become undercollateralized as users became more comfortable with a higher percentage of DEI supply being stabilized algorithmically through burning the inverse collateral ratio of DEUS tokens.

What is DEI used for?

DEI is a price-stable asset that is mostly used as the primary unit of account for the Deus ecosystem of products. Users need an alternative store of value and medium of exchange to navigate the highly volatile crypto markets. DEI addresses this problem for crypto native users, as well as enables a wide range of financial activities including hedging during periods of high market volatility, market making against a stable asset, use as collateral for leveraging, and payment as a medium of exchange.

How is the price of DEI kept stable?

DEI maintains its peg to USD through fractional collateral backing and through incentivizing arbitragers to bring DEI back to peg. When DEI is above 1 USD, anyone can mint DEI at 1 USD and sell on the open market for a free profit. Once enough traders take advantage of this arbitrage, the price will have returned to peg. Similarly, when DEI is below 1 USD, anyone can buy DEI on the open market and redeem it for 1 USD worth of underlying collateral. As DEI gets burned, the supply will contract and result in the price restoring to peg.

DEI Pools