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The Frax Price Index Share (FPIS) token serves as the governance token for the Frax Price Index (FPI) system and also entitles holders to seigniorage from the protocol. Similar to Frax Finance's FXS structure, excess yield from the treasury will be distributed to FPIS holders.
Issue Time
1970/01/01
Initial Price
US $ 0.67175571
Circulation/Max
0/100.00M
Dominance
0.00%
ROI --%
Information
What is the Frax Price Index Share (FPIS) token?
The Frax Price Index Share (FPIS) token serves as the governance token for the Frax Price Index (FPI) system. It also allows holders to receive seigniorage from the protocol. Similar to Frax Finance's FXS structure, any excess yield will be directed from the treasury to FPIS holders.
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- Can you explain the specific use case of fpis token in the cryptocurrency industry? How does it differ from other tokens?2021-11-28
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