Frax FPI (FPIS)
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.
Total Value Locked
$94.24K
30d Change
-42.1%
Category
Algo-Stables
1 chains
TVL — last 180 days
TVL by chain
| Chain | TVL | Share |
|---|---|---|
| Ethereum | $94.24K | 100.0% |
About Frax FPI
Frax FPI is a algo-stables protocol deployed across 1 chain, led by Ethereum. Total value locked measures the assets currently deposited in its smart contracts — see our TVL definition for how to interpret it. Compare Frax FPI against the wider market on the live protocol rankings, or explore current yields across DeFi.
Official website: https://frax.com/