Tribe USD

In merito a Tribe

The Tribe token is the governance token of the Fei protocol. This protocol aims to maintain a liquid market in which its stablecoin, FEI, can trade close to the ETH/USD price. FEI achieves this via a new stability mechanism known as direct incentives. Direct incentive stablecoins use dynamic mint rewards and burn penalties on DEX trade volume to maintain the peg. TRIBE is the utility token of Fei Protocol and is used for liquidity mining, staking and governance.