Frax Price Index Share

About Frax Price Index Share

Frax Price Index Share (FPIS) is the governance token of the Frax Price Index system, a protocol designed to track and maintain a consumer price index-pegged stablecoin called FPI. FPIS holders participate in protocol governance and receive excess yield generated by the treasury when returns exceed what is needed to maintain the FPI peg. This seigniorage-sharing model mirrors the structure used by FXS within Frax Finance. FPIS operates on Ethereum and sits within the broader Frax Finance ecosystem, one of the more technically sophisticated decentralized stablecoin and monetary policy projects in DeFi.