Frax Price Index Share Price Chart Update [FPIS]

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Frax Price Index Share Price Update Today

The FPIS price update as of now is $1.12. In the previous 24 hours, its trading volume was $26,662, and its value has decreased by -1.74%. As of now, FPIS's live market cap is $111,199,770, and it is ranked as the #2390 on the Coincu. FPIS has a circulating supply of 99,540,925 and a maximum supply of 99,540,925.

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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