Frax Price Index token
Overview
Frax Price Index (FPI) is a decentralized token within the Frax ecosystem designed to track the Consumer Price Index (CPI) for the US dollar. It uses a fractional-algorithmic stabilization mechanism similar to FRAX, but with a target pegged to inflation rather than a fixed fiat value. FPI is intended to serve as an inflation hedge by maintaining purchasing power relative to a defined basket of goods.
Within the DeFi Intel graph, Frax Price Index connects to 5 tracked entities, most strongly to Ethereum, zkSync Era, Frax Finance.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | zkSync Era | 95% |
issued_by | Frax Finance | 95% |
backed_by | Frax | 90% |
backed_by | Algorithmic Mechanism | 90% |
Frequently asked questions
What is Frax Price Index?
Frax Price Index (FPI) is a decentralized token within the Frax ecosystem designed to track the Consumer Price Index (CPI) for the US dollar, serving as an inflation hedge by maintaining purchasing power relative to a defined basket of goods.
What chains is Frax Price Index deployed on?
Frax Price Index is deployed on Ethereum and zkSync Era.
What backs Frax Price Index?
Frax Price Index is backed by Frax and an algorithmic mechanism, using a fractional-algorithmic stabilization mechanism similar to FRAX but pegged to inflation rather than a fixed fiat value.