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Frax Price Index Share

Frax Price Index Share

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Governance and seigniorage token of Frax Price Index

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About

FPIS is the governance token of the Frax Price Index (FPI) stablecoin system, entitling holders to seigniorage from protocol treasury excess yield. FPI is the first stablecoin pegged to a basket of real-world consumer items based on the US CPI-U average, aiming to maintain purchasing power on-chain.

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