What is TRIBE? Your ultimate guide
TRIBE, the Ethereum token that governs the Fei Protocol, has picked up in value this year.

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An Ethereum token that governs the Fei Protocol, TRIBE is ranked number 169 on the Coin Gecko platform by market cap, but what is Tribe (TRIBE)?
TRIBE is the token belonging to the Fei Protocol. The Fei Protocol was developed in order to solve the problems which plague most stablecoins on the market, rendering them either centralised or wracked with inefficiencies. The project built its business proposition around creating an alternative solution to decentralised stablecoins.
So what is the technology behind the Fei Protocol, and how does TRIBE work?
What is Tribe (TRIBE)?
The Protocol identified problems with both fiat and crypto-backed stablecoins. With the former, they are centralised because they are pegged to the centralised currency, thus weakening the integrity of decentralisation. With the latter, stablecoins suffer from capital inefficiencies and are rife with instability. Fei Protocol, as an alternative, proposes a model comparable to the reserve central banking system.
Calling itself a ‘decentralized, scalable and DeFi-native stablecoin protocol’ on its website, Fei algorithmically allocates assets in protocol controlled value (also known as PCV) to earn yield and provide liquidity.
Protocol-controlled value (PCV), in the official literature of Fei Protocol, is defined as ‘a categorization of Total Value Locked (TVL) which represents all assets that are ultimately not redeemable by users. Commonly used examples of PCV are DAO treasuries and insurance funds. PCV can be conceptually extended to include any algorithmic management of the protocol-owned assets in order to facilitate protocol goals such as liquidity and stability’.
The Fei Protocol, because it only holds non-centralised crypto assets, claims to be entirely decentralised.
The project supports other DAOs by providing liquidity in exchange and lending markets by deploying PCV. The Fei Protocol also supports other DAOs by giving them access to something called Liquidity-as-a-Service (LaaS).
Founders of TRIBE
TRIBE was founded by a team of entrepreneurs in San Francisco. Notable creators of the project include Joey Santoro, Brianna Montgomery and Sebastian Delgado.
Santoro, who is based in San Francisco, holds a degree from Duke University in computer science. After graduating he became co-president at Duke Blockchain Lab. Subsequently, Santoro was hired as a software engineer at the cloud software company Okta. He jumped on the project in December 2020. Since then, he has also become a ‘wizard’ on the Ethereum blockchain.
Montgomery became involved in Fei Protocol in February 2021. Before starting at Fei, he worked for nearly a decade in client-facing business development roles in a range of technology companies including ConsenSys Diligence, Coriant and DefenseStorm. Montgomery completed a BS in business administration and computer science at University of North Carolina.
Delgado completed a BA degree from the University of California in cognitive science and computer science. Before joining Fei Protocol in January 2021, Delgado worked as a software engineer at Uber and Dharma Labs.
What about the TRIBE coin? How does it work?
What is the TRIBE coin used for?
TRIBE is the governance token for the Fei Protocol, while FEI is the stablecoin.
TRIBE acts entirely as a governing body. Holders of the TRIBE cryptocurrency can vote on all areas of the running of the Protocol, including appointing minter and burner contracts, adjusting scale target and allocation rules on bonding curves and adjusting incentive time-weight growth rate.
TRIBE has a current circulating supply of 455 million coins and a maximum supply of 1 billion TRIBE coins. It is currently valued at $1.12 per coin as of 13 January 2022, and the market cap of TRIBE thus stands at $510m (£371m).
The TRIBE cryptocurrency has not performed particularly well since its launch, dropping from $2.329 on 3 April 2021 to $0.8092 on 23 May 2021. Despite declining throughout the remainder of 2021, the coin has made some small gains in 2022.
According to CoinGecko, the TRIBE coin has gained 24% in the past 30 days and over 13% in the past 14 days.
FAQs
Tribe (TRIBE) has a current circulating supply of 455 million coins and a maximum supply of 1 billion TRIBE coins.
Notable creators of TRIBE include Joey Santoro, Brianna Montgomery and Sebastian Delgado.
Nobody owns TRIBE. It is run as a DAO or decentralised autonomous organisation, meaning all holders of TRIBE vote on the governance and running of Fei Protocol.