Frax Price Index Share update: FPIS Live price, price chart, news and markets
Frax Price Index Share
FPIS
$0.8583
35.49%
Rank #2880 | Category
altcoin
erc-20
Market Cap
$85,436,342
Fully Diluted Market Cap
$85,436,342
Volume
$40,055
Frax Price Index Share Price Chart Update [FPIS]
Frax Price Index Share Price Update Today
About Frax Price Index Share
Understanding Frax Price Index Share
The Frax Price Index Share (FPIS) is an essential token in the Frax Price Index (FPI) system, serving as a governance token. It plays a crucial role in granting holders the authority to partake in the protocol's decision-making processes. Additionally, FPIS holders are eligible to receive seigniorage from the protocol, ensuring their participation in the platform's economic benefits. Similar to the FXS structure of Frax Finance, any excess yield generated by the system will be distributed among FPIS holders, further enhancing their financial returns.
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Smart Contract
Ethereum:
c2544a...901fdb
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Cir. Supply
99,540,925
Max Supply
99,540,925