⌘K

Frax FPI (FPIS)

Total Value Locked$730,962

Chain Breakdown
Ethereum	$730.96k

USD ETH

Information

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

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Token Information

Address:0xc2544a...901fdb

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Methodology

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Competitors

Mento ($97.03m)SPOT Cash ($14.42m)Frax ($4.94m)DefiDollar DAO ($1.92m)Basis Cash ($273.08k)Sigmausd ($1.67m)Algomint ($1.67m)Ostable ($453.17k)Dopple Finance ($151.34k)Based V1 ($140.66k)