Frax Price Index Share FPIS
1. Summary
- Price
-
$0.59 -3.2%
- Market Cap
- $16.65M (#1034)
- Supply
- 27.70M / 100.00M
- Description
-
Frax Price Index Share (FPIS)
Frax Price Index Share (FPIS)
The Frax Price Index Share (FPIS) token is the governance token of the Frax Price Index (FPI) system. In addition to its governance function, it is entitled to seigniorage from the protocol. Excess yield will be directed from the treasury to FPIS holders, similar to Frax Finance's FXS structure.
Overview
FPIS token holders benefit from excess yield generated by the protocol, making it a potential source of passive income. FPIS is marked by its connection to the Frax Price Index stablecoin, which is pegged to a basket of real-world consumer items using the US Consumer Price Index (CPI). The FPI stablecoin aims to robustly maintain its purchasing power over time. The FPIS token distribution consists of a defined total supply of 100,000,000 tokens, divided among various categories, such as treasury, protocol, and core developers.
Key Mechanics
- Governance: FPIS holders have control over decision-making and resource allocation within the Frax Price Index ecosystem.
- Seigniorage: FPIS can receive excess yield from the protocol, akin to the FXS structure in Frax Finance.
- Connection to FPI: FPIS is economically linked to the Frax Price Index stablecoin, which aims to track the Consumer Price Index (CPI) for robust purchasing power.
- Token Distribution: The total 100,000,000 FPIS supply is distributed among various categories, ensuring targeted resource allocation.
FPIS Structure
- Frax Finance Treasury (30%): 30,000,000 tokens under FXS voter control for distribution.
- FPI Protocol Treasury (25%): 25,000,000 tokens under FPIS voter control for distribution.
- veFPIS Emissions (10%): 10,000,000 tokens allocated for veFPIS stakers on a halvening schedule.
- Core Developers & Contributors Treasury (25%): 25,000,000 tokens for developers and contributors.
- February 2022 Airdrop to FXS Holders (10%): 10,000,000 tokens distributed to FXS holders in February 2022.
FPIS Benefits
- Passive Income: Potential source of passive income for holders through excess yield.
- Governance Control: Empowers FPIS holders to make decisions about the ecosystem.
- Supporting Robust Purchasing Power: Linked to a stablecoin pegged to real-world consumer items, enhancing FPI's value proposition.
| Price | |
| 52W High price | $2.83 |
| 52W High date | 16th Apr 2023 (1 year ago) |
| All Time High (ATH) Date | 13th Apr 2022 (2 years ago) |
| ATH Price | $14.20 |
| % From ATH | -91.11% |
| All Time Low (ATL) Date | 14th Nov 2022 (1 year ago) |
| ATL Price | $0.79 |
| % From ATL | 58.96% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $21,675.00 |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Circulating Supply | 27.70M |
FPIS
How does Frax Price Index Share's (FPIS) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-6.5%
FPIS
-7.8%
Similar Market Cap
60 Day Return
18.2%
FPIS
-19.7%
Similar Market Cap
1 Year Return
-51.3%
FPIS
761.9%
Similar Market Cap
We're monitoring 51 Frax Price Index Share GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Frax Price Index Share Repos)
Commits vs. The Market
- Past 4 weeks: 2 commits vs. an average of 1
- Past 12 weeks: 252 commits vs. an average of 8
- Past year: 472 commits vs. an average of 117
Most Active Repos
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
| Past week | |
|---|---|
| Past 12 weeks | |
| Past year |
Top Developers 2024
In total, 438 developers have contributed to Frax Price Index Share over the past year. Who are the most active Frax Price Index Share developers, by commits, over the past year?
Related Projects
Developers working on Frax Price Index Share also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 19,746 |
| Twitter followers | 78,532 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://app.frax.finance/ |
|---|---|
| Explorer | https://etherscan.io/token/0xc2544A32872A91F4A553b... |
| @fraxfinance |
What is the correct contract address for Frax Price Index Share?
| Ethereum | 0xc2544a32872a91f4a553b404c6950e89de901fdb |
|---|---|
| Arbitrum-one | 0x3405e88af759992937b84e58f2fe691ef0eea320 |
| Binance-smart-chain | 0xd1738eb733a636d1b8665f48bc8a24da889c2562 |
Has Frax Price Index Share been audited for security?
No security audits found for this project.
Are you the owner of Frax Price Index Share? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.