Frax Price Index token
Overview
The Frax Price Index (FPI) is a decentralized token operating within the Frax ecosystem. Its design aims to track the US Consumer Price Index (CPI). The token employs a fractional-algorithmic stabilization mechanism, analogous to that used by FRAX. However, instead of targeting a fixed fiat value, FPI's peg is linked to inflation. The token is intended to act as an inflation hedge, preserving purchasing power in relation to a specified basket of goods.
Within The Counterparty graph, Frax Price Index connects to 5 tracked entities, most strongly to Ethereum, zkSync Era, Frax Finance.
Relations
Top connections in The Counterparty 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 is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 5 other tracked entities, most strongly to Ethereum, zkSync Era, Frax Finance.
What type of entity is Frax Price Index?
Frax Price Index is classified as a stablecoin (token) in The Counterparty knowledge graph.
What is Frax Price Index connected to?
In The Counterparty knowledge graph, Frax Price Index is linked to 5 other tracked entities, most strongly to Ethereum, zkSync Era, Frax Finance.