Fei Protocol is new kind of stablecoin which uses a mechanism called direct incentives.
- How to Stake FEI?
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.
- How much can I earn Staking FEI?
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)
- Any risks to Staking FEI?
There is smart contract risk and impermanent loss risk associate with Liquidity Pools.