Fei Protocol is a decentralized stablecoin protocol that aims to improve upon the concept of stablecoins. It implements various innovations, such as Protocol Controlled Value (PCV) as a stability mechanism and numerous other mechanisms to keep the Uniswap liquidity pool and its native stablecoin FEI close to the exchange rate of the US dollar. Additionally, it introduces a native governance token called TRIBE.
Fei Protocol is a decentralized stablecoin protocol that aims to improve upon the concept of stablecoins. It implements various innovations, such as Protocol Controlled Value (PCV) as a stability mechanism and numerous other mechanisms to keep the Uniswap liquidity pool and its native stablecoin FEI close to the exchange rate of the US dollar. Additionally, it introduces a native governance token called TRIBE.
TRIBE is the governance token which will allow community members to vote on the future direction / upgrades for the platform and control the DAO treasury.