FPIS token governs, shares yields, supports FXS holders.
FPIS token manages governance, earns revenue, and supports FXS holders within the Frax ecosystem through minting and seigniorage sharing.
Loading chart...
Analytics
Team
Upcoming events
No upcoming events planned
What is Frax Price Index Share (FPIS)?
The Frax Price Index Share (FPIS) token functions as the governance token within the system, granting holders the right to share in the protocol's seigniorage revenues. Excess earnings are redistributed from the treasury to FPIS holders, paralleling the FXS model. If the FPI treasury fails to produce enough yield to support the increased backing per FPI due to inflation, new FPIS tokens can be minted and sold to boost the treasury. Since the protocol originates from the Frax ecosystem, a variable portion of FPIS revenue is also allocated to FXS holders.
Related coins you may like
Trending coins
Most visited cryptocurrencies
Global prices
Frax Price Index Share price live information
As of now, Frax Price Index Share is trading at 0.50633 USD, with a 24-hour trading volume of approximately 0 USD. The FPIS to USD price is updated in real time. Over the past 24 hours, Frax Price Index Share has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 17.04M USD. Currently, there are 33 646 671.337046 FPIS in circulation out of a maximum supply of 41 127 463.931023 FPIS.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
RESOURCES
Community
Support
© 2023 CMC.IO. All rights reserved