Fei Protocol is a decentralized US dollar-pegged stablecoin protocol that has since wound down, with both the Tribe DAO and Fei Protocol no longer under active development. Fei Protocol's Twitter Score is 145 out of 1000 (an Excellent rating) as of July 2026, ranking #4,730 (top 5%) among 389,587 tracked accounts.
Fei Protocol was co-founded by Joey Santoro and launched in early April 2021, attracting users who contributed $1.3 billion of ether to mint the first FEI stablecoins. The protocol used a protocol-controlled value model in which users exchanged ETH for FEI and the protocol retained ownership of the ETH. Fei Labs raised $19 million in March 2021, with backing from a16z, Coinbase, Framework, and Naval Ravikant, among others. TRIBE served as the protocol's governance token.
Fei Protocol merged with Rari Capital after both communities voted in favor, with The Defiant reporting the combined protocol would hold $2 billion in liquidity. Under the merger terms, RGT tokens were exchangeable for TRIBE at a ratio of 10 RGT to 267 TRIBE, and Fei assumed Rari liabilities stemming from a May 2021 exploit. In October 2021, Fei Protocol announced a Liquidity-as-a-Service program with Ondo Finance, pairing project tokens with FEI liquidity in vaults deployed to decentralized exchanges.
Fei Protocol was affected by a significant security incident on April 30, 2022, when Rari Capital's Fuse lending pools were hacked for more than $80 million in crypto assets, as reported by The Block. Fei Protocol managed lending markets on Fuse and acknowledged the exploit while offering the hacker a $10 million bounty to return funds. On August 19, 2022, Fei Labs proposed transitioning Tribe DAO to an end state in which FEI would redeem for 1 DAI, TRIBE holders would redeem for a pro rata share of remaining DAO-controlled assets, and all governance powers would be removed. Axios reported on August 25, 2022 that Fei Labs proposed dissolving Tribe DAO, citing technical, financial, and future regulatory risks. Fei Labs stated it would no longer participate in Tribe DAO upon completion of the proposal. A FEI/TRIBE Genesis Securities Settlement notice for genesis participants was posted in July 2023.
Fei Protocol has 37,127 followers as of July 2026 on the platform and has published 851 posts. Fei Protocol has been mentioned by 430 accounts, with 868 total mentions.
Who follows Fei Protocol on X?
The accounts that follow Fei Protocol include 511 founders, 178 angel investors, 240 influencers and 31 VCs. Among them are Chris Dixon, Erik Voorhees, Laura Shin, Ansem, Stani and Chris Burniske.