FEI Protocol is a decentralized, scalable, and liquid stablecoin platform that aims to serve as a backbone to DeFi applications. TRIBE is the governance token of the platform. FEI Protocol is based on the core principle of fully decentralized design (FEI DAO) and minimal dependence on any centralized assets or protocols on Ethereum. A DAO is a decentralized autonomous organization, not controlled by a single institution. The FEI Protocol is DeFi-native and aims to promote the sustainable creation of FEI stablecoin. FEI is a pegged stablecoin by the platform that follows the ERC-20 standard. The platform seeks to maintain a liquid market where ETH/FEI trades closely to the ETH/USD price. 

As a stablecoin platform, the FEI protocol aims to cater to the following existing issues of the stablecoin models.

As per the whitepaper, to solve the problems mentioned above, FEI Protocol combines the direct incentive model with protocol-controlled value (PCV) deployed as liquidity. These mechanisms combined create a stablecoin that is scalable, decentralized, liquid, and fair. PCV is a subtype of the total value locked (TVL), in which the assets locked into the smart contracts are outrightly owned by the platform. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. TVL is the sum of all assets deposited in DeFi protocols earning yield, rewards, new coins, tokens, fixed income, etc. 

A direct incentive stablecoin involves both the usage and the trading activities of the stablecoin being incentivized, where penalties and rewards drive the price towards the peg. This includes at least one incentivized exchange acting as a hub. All other secondary markets and exchanges can arbitrage with the incentivized exchanges. As a result, this helps maintain the peg throughout the ecosystem. The direct incentive approach of the platform presents a promising improvement, including high liquidity via PCV, decentralized collateral, capital efficiency, strong peg, and fair distribution. Arbitrage is the process of buying an asset on one exchange and selling it simultaneously on another with a higher price.

Joey Santoro and Brianna Montgomery are the founders of the FEI Protocol.

FEI Protocol has staking pools in which TRIBE is earned over time. FEI Protocol staking allows the users to deposit multiple tokens to earn TRIBE. Each pool has an allocation of the overall staking rewards. At any given time, the rewards are split evenly amongst all the participants for each pool. 

For staking on the platform, the users can deposit liquidity assets (stake), claim earned TRIBE, earn TRIBE for a few blocks, and then withdraw staked tokens at will.

The goal of the staking pool involves:

TRIBE supply is fixed at one billion.

The TRIBE token can be traded at an exchange, including Coinbase. It's simple, secure, and easy.

We update our Tribe to GBP currency in real-time. Get the live price of Tribe on Coinbase.

The current market cap of Tribe is £0.00. A high market cap implies that the asset is highly valued by the market.

The all-time high of Tribe is £1.86. This all-time high is highest price paid for Tribe since it was launched.

Over the last 24 hours, the trading volume of Tribe is £114.57K.

Assets that have a similar market cap to Tribe include Decentralized Music Chain, Indigo Protocol - iUSD, Index Cooperative, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Tribe is 0.

Tribe ranks 189 among tradable assets on Coinbase. Popularity is currently based on relative market cap.