Equity Overview
Price & Market Data
Price: $0.303
Daily Change: -$0.0₄342 / 0.01%
Daily Range: $0.303 - $0.303
Market Cap: $303,341,765
Daily Volume: 1,202
Details
TRIBE is a governance token used to manage the Fei Protocol. Its main focus is maintaining the peg, upgrading the protocol and integrating with other systems. The Tribe DAO, which is controlled by TRIBE token holders, has ultimate control over the Tribe ecosystem, including the ability to move PCV, mint FEI, create and grant access roles. Proposals must be created and passed to perform actions, with a proposal threshold of 2.5M TRIBE and a quorum of 25M TRIBE. Additionally, Tribe Turbo is a mechanism used to issue stablecoins and earn yield.