Source: TRIBEUSD Chart by TradingView
A core principle of Fei Protocol is its fully decentralized design and minimal dependence on any centralized assets or protocols on Ethereum. Fei Protocol has a DAO called the Fei DAO from the start. The DAO is responsible for utilizing all of the flexible and powerful features of Fei Protocol to continually enhance the protocol in an ever-evolving DeFi space.
The TRIBE governance token is collectively responsible for managing the Fei DAO. The Fei Core team wants TRIBE to have a balanced distribution between Community, Team, and Investors while prioritizing the Community.
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