Fei Protocol TRIBE / FEI (STABLE) | ||||
Powered by direct incentives and Protocol Controlled Value. | ||||
Start date | 31. Mar 2021 | End date | 03. Apr 2021 | |
Information | The goal of the Fei Protocol is to maintain a liquid market in which ETH/FEI trades closely 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. FEI uses Uniswap as its incentivized DEX at launch. Governance can add and update DEX integrations and other incentives as needed. |
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