The Frax Price Index (FPI) is the second stablecoin of the Frax Finance ecosystem. FPI is the first stablecoin pegged to a basket of real-world consumer items as defined by the US CPI-U average. The FPI stablecoin is intended to keep its price constant to the price of all items within the CPI basket and thus hold its purchasing power with on-chain stability mechanisms.f locking the asset.
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Frax FPI
THE FRAX PRICE INDEX (FPI) IS THE SECOND STABLECOIN OF THE FRAX FINANCE ECOSYSTEM. FPI IS THE FIRST STABLECOIN PEGGED TO A BASKET OF REAL-WORLD CONSUM...
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