Frax FPI
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.
TVL history
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TVL by chain
Key facts
- Category
- Algo-Stables
- Chains
- 1
- Token
- FPIS
- Oracles
- —
- Audits
- None listed
- Listed
- Feb 2023
Similar Algo-Stables protocols
Frequently asked questions
What is Frax FPI’s TVL?
Frax FPI has $94.29K in total value locked, -0.06% over the last 7 days. TVL is the value of the crypto locked in its smart contracts.
Which chains is Frax FPI on?
Frax FPI runs on 1 chain; the most value sits on Ethereum ($94.29K).
What kind of protocol is Frax FPI?
Frax FPI is listed under Algo-Stables, where it ranks #7 by TVL.
Data aggregated from public third-party market sources. For informational purposes only — not investment advice.