Frax Price Index

About Frax Price Index

Frax Price Index (FPI) is a stablecoin designed to maintain its value in line with real-world inflation rather than pegging to a fixed dollar amount. What makes FPI unique is its use of an on-chain Consumer Price Index oracle that adjusts the token's target price monthly, ensuring holders preserve purchasing power against inflation over time. FPI is part of the broader Frax ecosystem, which also includes the FRAX stablecoin and FXS governance token, and operates on the Ethereum blockchain as a decentralized inflation-protected monetary unit.