BRIBE
- Publisher
- Transparency International, Corruption Perceptions Index
- Series
- Transparency International, Corruption Perceptions Index
- Document
- www.transparency.org/en/cpi/2024↗
- Cadence
- annual
- Figure
- CPI 2024: US score 65
- Posted
- 63m ago
- Next Expected
- CPI 2026 (~Feb 2027)
- Posted By
- registry authority via update_ref_price
convention: DENOMINATED IN INDEX POINTS, not dollars. Transparency International publishes a 0-100 perception score and no bribe price at all, so one BRIBE is one point of the United States CPI score. It must never render with a currency symbol. Value verified against the Our World in Data mirror of TI CPI; the 2025 score was not machine-readable at build time.
You can burn BRIBE and take USDC at the oracle price, straight from the redemption vault above. No counterparty, no spread. It is bounded by what the vault holds, which is what buyers paid in — so a redemption larger than the vault fails outright rather than filling you at a worse price.
The keeper also quotes bids on this hub’s pool just under the oracle price, funded from pool fees and the protocol’s share. When the vault cannot cover a redemption, that pool is where the trade goes.
Separately, the redemption vault above holds the USDC that buyers paid in. Coverage is that vault measured against what buying back every circulating BRIBE at the oracle price would cost. At rest it sits at 100%; it falls when BRIBE rises, because the same dollars now owe more.
Both are finite. Coverage above is the vault measured against what redeeming every circulating BRIBE at the oracle price would cost — it is the number that tells you whether a redemption will work right now. After a large upward move in the commodity it will not cover everyone, and the people who redeem first do best. Details.