Frax Price Index[FPI]
Frax Price Index Price
Frax Price Index Market Cap
24h Trade Volume
All-Time-High (ATH) Price
Frax Price Index Live Chart
Frax Price Index price Index provides the latest FPI price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
The Frax Price Index to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
FPI to USD Converter
Frax Price Index Live Info Today
Frax Price Index's current price is $ 1.02, it has dropped -1.18% over the past 24 hours.
Frax Price Index's All Time High (ATH) of $ 4.91 was reached on 23 May 2022, and is currently -79.2% down.
The maximum supply of Frax Price Index that will ever be issued is 34.92 Millions tokens, and the current supply of FPI in circulation is 14.60 Millions tokens.
Frax Price Index’s 24 hour trading volume is $ 1.97 Thousand.
Frax Price Index's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 14.90 Millions.
What is Frax Price Index
Frax Price Index is a brand new, unique protocol within the Frax ecosystem. Centered around its own native stablecoin (FPI) and governance token (FPIS), the system will adjust every month according to an on-chain Consumer Price Index oracle so that holders of the FPI will increase their dollar-denominated value each month according to the reported CPI increase. It does this by earning yield on the underlying FPI treasury, created from users minting and redeeming FPI with FRAX. Frax Price Index has a two-fold mandate:
- Maintain the $FPI peg (tracking monthly inflation)
- Accrue value to the $FXS (Frax Share) token.