Ethereum Ecosystem

<p><strong>Frax Price Index Share</strong> (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.</p>

Frax Price Index Share

Frax Price Index Share is the governance token of the Frax Price Index (FPI) system, which is also entitled to seigniorage from the protocol

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Exchange	Pair	Last Price	Change (24H)	High (24H)	Low (24H)	Spread	Volume (24H)

Fraxswap (Ethereum)	FPIS/FRAX	FRAX 0.08515 $ 0.08448	-0.30% -FRAX 0.0002562	FRAX 0.00	FRAX 0.00	N/A	$ 47.93 FPIS 567.40

Frax Price Index ShareFPIS

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