Fei Protocol
About Fei Protocol
TRIBE, the governing token of the protocol, is crucial in managing peg maintenance. While emphasizing upgrades and integrations, TRIBE ensures minimal governance interference. This ensures a smooth operation and development of the protocol.
The FEI stablecoin has an unlimited supply that adjusts according to demand. To enter circulation, FEI is made available for sale along a bonding curve. This curve gradually approaches and stabilizes at the $1 peg. Users can tap into this new demand for FEI by purchasing it on the bonding curve.
To reward early adopters, the price function starts at a lower level, providing an incentive for purchasing FEI sooner. Moreover, Fei Protocol is equipped to support the creation of bonding curves using any ERC20 token. However, during the launch, only a single curve denominated in ETH will be available.
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