There is smart contract risk and impermanent loss risk associate with Liquidity Pools.

FEI uses a new kind of stablecoin mechanism called direct incentives. It is more capital-efficient, has a fair distribution, and is fully decentralized. The protocol uses the value it controls to maintain liquid secondary markets.

The Fei Protocol mission is to be the stable coin of DeFi backed by some of the top minds in the space, including a16z, Nascent, Variant, Coinbase,

Launched on March 31, 2021, at 12:01 pm PT, anyone could secure Fei Protocol by committing ETH for FEI at app.fei.money. FEI and TRIBE were released at the end of Genesis on April 3, 2021, at 12:01 pm PT.

The TRIBE rewards are distributed as follows:

• 10% of the total TRIBE supply
• Distributed over 2 years
• Reward rate decreases linearly each week
• Split evenly to all stakers proportional to amount staked
• Completely fluid (no lockups)

Starting on Monday, April 5 at 12:01pm PT, users can begin staking to earn TRIBE. The staked tokens are FEI-TRIBE Uniswap LP tokens, which you can get by adding liquidity to the pool (Note: This will be available after Genesis ends). These tokens represent a pro-rata ownership in the liquidity pool that allows users to swap FEI and TRIBE.