Frax Price Index

FPI

FPI is Frax's token designed to be pegged to the unadjusted 12 month inflation rate.

Risk Rating

Average

$1.14

-0.69%

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Information

Blockchain

Ethereum

Info

Key Metrics

Fully Diluted Valluation: $96.3M
Total Supply: 84,742,988
Volume (24H): $1.8K
ATH: $1.32 (07/16/2024)
ATL: $0.92 (03/11/2023)

Risk Assessment

Average

Asset Strength

FPI is a low-cap asset that represents the protocol's native governance or utility token. This asset is exposed to the underlying risks of Frax, a protocol rated as Watch out.

Dependencies

Frax

Asset Tokenomics

FPI has an uncapped supply but has inflation control or burn mechanisms in place. FPI is Frax's second stablecoin designed to be pegged to a basket of real-world consumer items determined by the unadjusted 12 month inflation rate reported by the US Federal Government

Things to know about FPI