Frax FPI (FPIS)
Total Value Locked$665,178
| ||
Market Cap | $13.56m |
---|---|
$0.39 | |
Fully Diluted Valuation | $39.1m |
$560.18 | |
$36,807 | |
-$35,636 | |
$0 |
Protocol Information
The Frax Price Index (FPI) is the second stablecoin of the Frax Finance ecosystem. FPI is the first stablecoin pegged to a basket of real-world consumer items as defined by the US CPI-U average. The FPI stablecoin is intended to keep its price constant to the price of all items within the CPI basket and thus hold its purchasing power with on-chain stability mechanisms.f locking the asset.
Category:Algo-Stables
Methodology
Fees: Fees paid by users.
Revenue: Revenue from fees, after expenses.