TRIBE ist ein Ethereum-Token, der Fei Protocol steuert, das einen separaten, dezentralen Stablecoin namens FEI herausgibt, dessen Wert bei 1,00 US-Dollar stabil gehalten werden soll. TRIBE kann verwendet werden, um über Upgrades am Fei Protocol abzustimmen und die Geldpolitik des FEI-Stablecoin zu ändern.
What Is Tribe (TRIBE)?
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.
Fiat-collateralized: The fiat-collateralized stablecoins are issued by centralized entities. These custodians escrow the traditional currency and issue the stablecoin on-chain. However, there are always risks involved that the centralized authority issuing fiat-collateralized stablecoins is not fully collateralizing them. Also, fiat-collateralized stablecoins are subject to regulatory risk. These risks may be in the form of mandatory KYC, blacklisting accounts, or even erasing funds. This causes an existential risk to platforms integrating with them.
Crypto-collateralized: The crypto-collateralized stablecoins are issued on-chain via an over-collateralization mechanism. In this case, capital inefficiency is the drawback resulting from a sufficient buffer to protect against price volatility in the collateral. All supply requires a collateral excess which must be monitored for solvency. This limits the growth of decentralized stablecoins.
Non-collateralized: The non-collateralized stablecoins are a compelling alternative. They are decentralized in issuance and enable unconstrained growth in supply. The current main mechanisms for achieving this are rebasing and seigniorage. Rebase is a protocol or a token that adjusts the circulating supply periodically or automatically in response to price fluctuations. Seigniorage models have supply adjustment dynamics to maintain the peg. In a time of high demand, the protocol issues new supply to a stakeholder group known as the seigniorage holders. In the time of low demand, there are deflationary mechanisms for contracting supply. The seigniorage models have two drawbacks. First, no liquidity or collateral is backing the peg. This can amplify volatility and create liquidity crises when these coins fall below their peg. Additionally, due to the unfairly centralized rewards, the community often disregards seigniorage stablecoins.
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.
History of Tribe (TRIBE)
Joey Santoro and Brianna Montgomery are the founders of the FEI Protocol.
How Are New Tribe (TRIBE) Tokens Created & Staked?
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:
Access to TRIBE for early FEI holders
A way for FEI deployment rather than statically holding it
Providing more liquidity for TRIBE
How Many Tribe (TRIBE) Tokens Are There?
TRIBE supply is fixed at one billion.
How to Buy Tribe (TRIBE)
The TRIBE token can be traded at an exchange, including Coinbase. It's simple, secure, and easy.
