Frax Price Index(FPI)
Market Cap$96.7m
Price$1.14
Total Circulating85.03m
Stablecoin Information
The Frax Price Index (FPI) is the second stablecoin of the Frax Finance ecosystem. FPI is a stablecoin pegged to a basket of real-world consumer items as defined by the US CPI-U average.
Category:algorithmic
Minting and RedemptionUsing the Frax Finance app, users swap FRAX to mint FPI at the current exchange rate. FPI can be redeemed for FRAX at any time.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | < 0.0001% | < 0.0001% | < 0.0001% | 84.78m | ||
| 0 | 0% | 0% | 0% | 250,000 |