Focus:

• Immediately redeem Genesis Tokens on the Fei interface after activation
• Trade FEI and ETH on the Fei interface, and observe the minting/destroying situation
• FEI-TRIBE LP pledge rewards will be distributed at 12:01 PM PT on April 5th (Monday)

With the end of the Fei agreement, the subsequent agreement will be released at 12:01 PM Pacific time on April 3rd. After the release, there are several options to choose from. This post will introduce in detail token exchange, transaction and pledge activities.

Exchange

If you have participated or will participate in the Genesis Group, you will get FEI and TRIBE tokens, and if you have exchanged all the ETH invested in in advance, you can only get TRIBE. After the creation of the world, these tokens will be instantly redeemable.

Redeem your Genesis Tokens on the Genesis tab of the Fei interface.

After the transaction is confirmed, your wallet will receive FEI and TRIBE tokens. FEI and TRIBE are freely circulated, so you can use them to pledge or trade.

Transactions

After the creation of the world, users can exchange FEI and TRIBE in any liquid secondary market. The two primary markets initiated by the Fei protocol when it was launched: FEI-ETH Uniswap pool and FEI-TRIBE Uniswap pool

During the price discovery process, some fluctuations in FEI and TRIBE are expected. If the FEI transaction price is lower than the anchor price, any Fei sold on the FEI-ETH Uniswap pool will be destroyed, which may cause the transaction on Uniswap to fail. In order to get the best trading experience, finally follow this rule:

Always use FEI to trade ETH on the Fei interface, and vice versa, to check the destruction or minting status.

The main reason for trading FEI and ETH on the Fei interface is that you can identify and appropriately plan direct rewards that may be applicable to the transaction. This may include coin rewards or destruction costs that are not visible on the Uniswap interface.

For large traders who trade TRIBE, the Uniswap interface will not display the liquidity of FEI-TRIBE incentives. If users want to make a particularly large TRIBE transaction, they can first change to FEI and then change to the required assets to obtain additional liquidity. For smaller transactions, the gas fee impact of two independent transactions will exceed the income of any price impact, so it is best to trade directly between the two required assets.

Pledge

Starting at 12:01 noon on April 5th (Monday), users can start staking to earn TRIBE. The collateralized token is FEI-TRIBE's Uniswap LP token, which you can obtain by adding liquidity to the pool. These tokens represent the proportion of ownership in the liquidity pool, allowing users to exchange FEI and TRIBE.

TRIBE's reward distribution is as follows:

• 10% of the total supply of TRIBE
• Released for more than 2 years
• Reward rate decreases linearly every week
• Distribute equally to all pledgers in proportion to the pledge deposit amount.
• Full circulation (no lock)
• Participating in the staking pool is a good way to increase the liquidity of FEI-TRIBE and earn additional TRIBE rewards and related governance rewards. The liquid funds obtained by Fei Lab from FEI-TRIBE IDO will not be eligible for pledge rewards.