Cryptos: 9 180
Exchanges: 4
Market capitalization: $3.56T
CryptocurrenciesCoinsFrax Price Index Shareabout
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Frax Price Index Share
FPIS

About Frax Price Index Share

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.

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