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Frax Price Index Share FPISPrice $ 0.117
FPIS Price
General Info
Contracts/Explorers:
Ethereum
Frax Price Index Share (FPIS) Chart
FPIS to USD Converter
FPIS
What is Frax Price Index Share (FPIS)?
Frax Price Index Share (FPIS) token is the governance token of the system, which is also entitled to seigniorage from the protocol. Excess yield will be directed from the treasury to FPIS holders, similar to the FXS structure. During times in which the FPI treasury does not create enough yield to maintain the increased backing per FPI due to inflation, new FPIS may be minted and sold to increase the treasury. Since the protocol is launched from within the Frax ecosystem, the FPIS token will also direct a variable part of its revenue to FXS holders.
Frax Price Index Share Price Today
Frax Price Index Share's current price is $ 0.117, it has dropped -1.84% over the past 24 hours.
Frax Price Index Share's All Time High (ATH) of $ 14.19 was reached on 13 Apr 2022, and is currently -99.2% down.
The current circulating supply of Frax Price Index Share is 38.83 Million tokens, and the maximum supply of Frax Price Index Share is 100.00 Million.
Frax Price Index Share’s 24 hour trading volume is $ 395.79.
Frax Price Index Share's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 4.56 Million.
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