Tribe (TRIBE)

Tribe (TRIBE)

Rank #185

$0.232312

2.04%

0.000011 BTC

TRIBE
USD

MARKET CAP

$105.342M

ALL TIME HIGH

$2.49

VOLUME 24H

$982.126K

CIRC. SUPPLY

453.449M

VOL/MCAP

1.00%

TOTAL SUPPLY

1B

DILUTED MCAP

$232.312M

MAX SUPPLY

1B

1H USD

0.1%

24H USD

2.04%

7D USD

11.12%

30D USD

14.63%

60D USD

12.35%

90D USD

4.85%

Tag:

defistablecoinalgorithmic-stablecoingovernanceView all

Tribe Price Chart

24h Change

2.04 %

Tribe - TRIBE Profiles

What is Fei Protocol?

Parallel to the development of DeFi platforms is the development of stablecoin platforms. Fei Protocol believes that there are many stablecoins in the market right now. But each type will have different disadvantages.

For example, USDT, USDC are controlled by centralized authority, stablecoins backed by tokens like DAI have scalability problems. Stablecoins like ESD are centralized in the rewards provided by the platform. These factors create an unequal distribution of stablecoin growth. 

Because of this, Fei Protocol has launched FEI, a stablecoin with USD equivalent value, decentralized, liquid and scalable, making Defi platforms freely accessible to everyone. due and safest. Up to now, Fei Protocol has minted 420 million FEI Stablecoins, in the near future, if ETH grows strongly and FEI is applied more, FEI's Market Cap can grow further.

Features of Fei Protocol

Currently Defi platforms use TVL (Total Value Locked) as a metric for the success of a project.

However, Fei Protocol believes that, as more capital is locked to the platform, the platform must also offer larger rewards to maintain that capital. When the rewards are no longer distributed, users move their capital elsewhere. This will make the projects no longer potential in the long term.

That is why Fei Protocol has developed a Protocol Controlled Value (PCV) model in which a platform fully owns the assets locked in smart contracts. PCV gives the protocol more flexibility to engage in non-profit activities. These activities may align with more fundamental goals, such as maintaining stability in the anchor price.

The second highlight of Fei Protocol is the multi-party cooperation strategy to increase the application of FEI Protocol in the market. At the present time, Fei has cooperated with Ondo Finance (Structured Finance) and Rari Capital (Yield Aggregator & Manager).

Read more: CLICK HERE

People

We found 3 people related to tribe-tribe, include Founder of Fei Protocol Joey Santoro

Organizations

We found 6 organizations related to Tribe has a16z crypto, Variant, Framework, Buckley Ventures, Nascent, Coinbase

Tribe Price Live Data

TRIBE Price

$0.232312

Trading Volume

$982,125.76

All Time High

$2.49

1hour Change

0.10%

24hours Change

2.04%

24hours Range

-2.04%

24hours Low

$0.72

24hours High

$0.74

Liquidity ±2%

$16,930.39 B

Bids -2%

$1.69 M

Asks +2%

$2.03 M

Market Cap

$105.34 M

Fully Diluted Market Cap

232.31 M

Circulating Supply

453.45 M

Total Supply

1.00 B

Max Supply

1.00 B

Tribe Markets

See All Market
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