DescriptionThe Frax Price Index (FPI) is the second stablecoin of the Frax Finance ecosystem. FPI is a stablecoin pegged to a basket of real-world consumer items as defined by the US CPI-U average.
Category:algorithmic
Minting and RedemptionUsing the Frax Finance app, users swap FRAX to mint FPI at the current exchange rate. FPI can be redeemed for FRAX at any time.
Frax Price Index (FPI)