STABLE OR GONE Stablecoin history, events, and sources
Stablecoin record

Fei USD

Decentralized stablecoin launched by Fei Protocol using protocol-controlled value and later redesigned around 1:1 redemption. The archive records FEI as discontinued following Tribe DAO wind-down and final-redemption governance, with current redemption availability left as a open question.

LifecycleTerminated
Events2
Sources5
Overview
SymbolFEI
Asset classStablecoin
Reference targetFiat
Redemption / exit modelConversion
Valuation sourceFinal redemption design
Yield / rebase profileNo recorded change · Accrual: No recorded change
Classification notesFEI is discontinued after the Tribe DAO wind-down.
Lifecycle statusTerminated
Issuance statusTerminated
Peg referenceFiat · USD
Backing typesStablecoin Collateral, Mixed
StabilizationProtocol Arbitrage
GovernanceDAO Governed
Primary organizationFei Protocol / Tribe DAO
Primary roleProtocol Operator
Last reviewed2026-06-14
Organizations and roles
OrganizationRoleFromUntilRelationship status
Fei Protocol / Tribe DAOProtocol Operator2021-04-032022-09-22Ended

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Compare this record with the rest of the archive.

Fei Protocol / Tribe DAO

DAO and Protocol Ecosystem · Unknown

Event history

2 events connected to this stablecoin.

Reserve profile
Disclosure statusHistorical or Final Redemption Context
Backing typesStablecoin Collateral, Mixed
SummaryFEI historically used protocol-controlled value. The final-redemption design described FEI as backed 1:1 by DAI with zero fees during the Tribe DAO wind-down.
As of2026-06-14
Profile confidenceMedium
Redemption profile
Current statusRestricted
Settlement assetDAI under the historical final-redemption design
Eligible partiesFEI holders subject to the availability and state of the final-redemption contracts or interfaces.
Retail accessHistorical Final Redemption
Institutional accessHistorical Final Redemption
Minimum amountSource and contract review needed.
FeeThe final-redemption proposal described zero fees; current execution conditions require verification.
Settlement timeContract- and network-dependent.
Regional limits
Record coverage
SectionEntries
Organizations1
Sources5
Reserve reports0
Regulatory notes0
Deployments1
Issuer-control actions0
Open questions2
Events2
Event timeline
DateEventTypeDetail kindRecovered
2021-04-03Fei Protocol launchLaunchMigration—
2022-09-22Tribe DAO final-redemption vote concludesWind Down and Final RedemptionRedemption Change—
Reserve and attestation history
DatePublisherTypeAssets coveredRecord confidence
No reserve reports have been added yet.
Regulatory and official notices
DateTitleAuthority / publisherTypeSummary
No regulatory notes have been added yet.
Blockchain deployments
ChainStandardDeploymentStatusFreezeBlacklistControl eventsContractNotes
Ethereum—Native HistoricalInactive or Source Review NeededUnknownUnknown00x956F47F50A910163D8BF957Cf5846D573E7f87CAOfficial FEI Ethereum address from Fei Protocol documentation. Current transfer and redemption state requires verification.
Sources
SourcePublisherTypeEvidence scopeReliability
Introducing Fei ProtocolFei LabsOfficial BlogFei Initial Design and Protocol Controlled ValueHigh
Fei Post-GenesisFei LabsOfficial BlogFei Launch Date and Genesis ContextHigh
Fei v2 is comingFei ProtocolOfficial BlogFei V2 Reserve and Redemption DesignHigh
TIP-121c: Final RedemptionFei / Snapshot via BoardroomGovernance ProposalFei Final Redemption and Tribe DAO Wind DownMedium
Fei Protocol mainnet addressesFei ProtocolProtocol DocsFei Ethereum Contract IdentityHigh
Open questions
TopicWhat remains unclearPriorityLast checked
Current Redemption AvailabilityThe current operational availability of FEI final-redemption contracts and interfaces has not been independently confirmed.High2026-06-14
Wind Down TimelineThe exact final on-chain execution dates for wind-down steps and remaining asset distribution require further review.Medium2026-06-14