Fei Protocol
Fei Protocol is an algorithmic stablecoin protocol that contains two tokens, the stablecoin FEI and the governance token TRIBE. Direct incentive stablecoins use dynamic mint rewards and burn penalties on DEX trade volume to peg $1. That is, when FEI is discounted, it will take greater losses to sell, and on the contrary, buying will provide direct gains.. At the same time,the protocol can use PCV(Protocol Controlled Value) to rebalance the price by executing trades against the market and locking or burning excess tokens.The difference between FEI Protocol and other Basis algorithm stablecoins is that the fluctuation of the entire FEI does not involve the introduction of governance tokens.
Fei Protocol is an algorithmic stablecoin protocol that contains two tokens, the stablecoin FEI and the governance token TRIBE. Direct incentive stablecoins use dynamic mint rewards and burn penalties on DEX trade volume to peg $1. That is, when FEI is discounted, it will take greater losses to sell, and on the contrary, buying will provide direct gains.. At the same time,the protocol can use PCV(Protocol Controlled Value) to rebalance the price by executing trades against the market and locking or burning excess tokens.The difference between FEI Protocol and other Basis algorithm stablecoins is that the fluctuation of the entire FEI does not involve the introduction of governance tokens.
