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Frax Price Index FPI Price $ 1.11
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Stablecoin
FPI Price
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Description
Frax Price Index is a new stablecoin pegged to the US dollar with inflation adjustment
Frax Price Index (FPI) Chart
FPI to USD Converter
FPI
What is Frax Price Index (FPI)?
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.
Frax Price Index Price Today
Frax Price Index's current price is $ 1.11, it has dropped -1.33% over the past 24 hours.
Frax Price Index's All Time High (ATH) of $ 1.23 was reached on 8 Feb 2024, and is currently -9.58% down.
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