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- Frax Price Index
| Token | Price $ | Age | TVL | Mkt Cap | TXS | VOL | 5M | 1H | 4H | 24H | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | $0.9981 | - | $11M | $648M | 0 | <1 | 0% | 0% | 0% | 0% | ||
| 2 | $1.11 | 781d 20h 44m | $ 2.8M | $94M | 1 | 561 | 0% | 0% | 0% | -0.04% | ||
| 3 | $1.11 | 639d 5m | $104К | $94M | 1 | 561 | 0% | 0% | 0% | 0% | ||
| 4 | $1.09 | 781d 22h 48m | $637 | $50M | 0 | <1 | 0% | 0% | 0% | 0% | ||
| 5 | $1.22 | 250d 4h 23m | $282 | $1.2M | 0 | <1 | 0% | 0% | 0% | 0% | ||
| 6 | $1.08 | 639d 20m | $213 | $73M | 0 | <1 | 0% | 0% | 0% | 0% | ||
| 7 | $0.6071 | 775d 17h 3m | $163 | $31M | 0 | <1 | 0% | 0% | 0% | 0% | ||
What is Frax Price Index (FPI)?
Frax Price Index (FPI) is a groundbreaking token within the Frax ecosystem, offering a unique approach to stablecoin design and governance. Operating on the Ethereum blockchain, FPI is a stablecoin pegged to the US dollar with an innovative inflation adjustment mechanism based on the Consumer Price Index (CPI) oracle. This adjustment ensures that FPI holders see an increase in their dollar-denominated value each month in line with reported CPI increases, creating a dynamic and responsive stablecoin model. FPI's monthly adjustment mechanism based on the CPI oracle allows holders to benefit from the reported CPI increase, enhancing the stability and value proposition of the token. FPI generates yield on the underlying treasury, which is funded by users minting and redeeming FPI with FRAX. This yield mechanism contributes to the sustainability and growth of the Frax ecosystem. FPI is complemented by the Frax Price Index Share (FPIS) governance token, which entitles holders to seigniorage from the protocol. Excess yield from the treasury is directed to FPIS holders, similar to the structure of Frax Finance's FXS token.
Frax Price Index (FPI) price statistics
As of May 19, 2024, the current price of the FPI token on DEX markets is $1.11, with a total DEX liquidity TVL of $11.06M. The FPI token trades on 2 blockchains and 19 DEX (decentralized exchanges). The total DEX trading history for the last 24 hours includes 1 trades (TXNS) with a trading volume of $21.40.
Frequently Asked Questions
What is the DEX daily trading volume of Frax Price Index (FPI)?
The total 24-hours trading volume on all DEX exchanges for FPI token is $21.40.
What is the DEX TVL (Total Value Locked) of Frax Price Index (FPI)?
The total DEX TVL of Frax Price Index (FPI) is $13.95M in the last 24 hours.
What blockchain is the token FPI launched on?
The Frax Price Index FPI token is launched on the Arbitrum and Ethereum.
What is the exchange rate of 1 USD to FPI?
DEX exchange rate of 1 FPI to USD is $1.11 as of 10:43 PM UTC.
How much FPI can I purchase with 1 USD?
Based on DEX current exchange rate, you can buy 0.8993565019583171 FPI for 1 USD.
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