Buy Tribe

What is Tribe?

Tribe is the governance token for the FEI algorithmic stablecoin. It plays a vital role in the governance of the FEI protocol, allowing holders to participate in decision-making processes concerning the protocol's development and management. TRIBE can be used in proposals or swapped for FEI in a Uniswap V2 liquidity pool.

How does Tribe work?

Tribe operates on the Ethereum blockchain as an ERC-20 token. It is utilised in governance functions where holders can vote or delegate their voting power on various protocol proposals. The protocol also provides staking pools where holders can earn additional TRIBE rewards. Through these mechanisms, TRIBE contributes to the decentralised management of the FEI stablecoin ecosystem.

What are the potential use cases for Tribe?

Tribe has several potential use cases, including:

• Governance Voting: TRIBE holders can vote on important decisions such as protocol parameter adjustments and the allocation of the Protocol Controlled Value (PCV).
• Incentives: It is used to incentivise participation in DeFi activities on the Fei Protocol, potentially enhancing user engagement.
• Buybacks: Part of the protocol's equity is used for the automatic buyback of TRIBE tokens, helping to maintain their value.
• Tribe Turbo: A mechanism allowing users to issue stablecoins and earn yield, enabling borrowing of FEI at zero interest and reinvesting it for additional returns.

What is the history of Tribe?

Tribe (TRIBE) was introduced in 2021 alongside the launch of the Fei protocol. Its formation followed the acquisition of Rari Capital, a lending platform, by the Fei team. Since its inception, TRIBE has experienced significant milestones, including an early price surge, strategic partnerships, and community-driven decisions like the dissolution of the Tribe DAO. The protocol has undergone several evolutionary changes, including responses to security incidents and strategic realignments, like transitioning funds to the DAI stablecoin post-severe hack.