Price change (24h):
0.25%
High (24h):
$0.086287
Low (24h):
$0.083673
Volume (24h):
$350.66
Market Cap:
$2.45M
All Time High:
99.40% $14.20
Apr 13, 2022
All Time Low:
1% $0.08
Jun 12, 2026
Frax Price Index Share
FPIS81.29 %(1Y)
$0.084564
About Frax Price Index Share
Frax Price Index Share (FPIS) is a cryptocurrency launched in 2022. The asset serves as the governance and seigniorage-capture mechanism for the Frax Price Index (FPI) stablecoin protocol.
FPIS forms the backbone of a stablecoin engineered to track the US Consumer Price Index (CPI-U) basket. An entirely different mechanism. Where conventional stablecoins silently bleed real value to monetary inflation, FPI adjusts its peg directly to the weighted cost of consumer goods. This design produces an on-chain inflation hedge. It recasts stable value—tethered not to government fiat, but to the tangible purchasing power of a defined basket of everyday items.
The token operates on the Ethereum network. Cross-chain liquidity extends across Arbitrum, BNB Smart Chain, Optimism, and Fraxtal, an EVM-equivalent rollup purpose-built by the Frax ecosystem. All deployments rely on identical token logic inherited from the main Ethereum contract.
FPIS exists as a standard ERC-20 token. Bridged representations populate each sidechain and L2. Its open-source codebase—hosted in the Frax Finance solidity repository—contains the seigniorage distribution logic and governance hooks. Full EVM compatibility allows native token movement across all supported chains.
The project emerged from the Frax Finance ecosystem, the entity behind the partially collateralized Frax (FRAX) stablecoin that launched in 2020. FPIS was deployed on April 9, 2022. It served as a direct counterpart to the existing Frax Share (FXS) governance token, extending the dual-token seigniorage model to a CPI-anchored stablecoin. Frax’s lending pools and automated market makers channeled yield incentives directly to FPIS holders.
The protocol’s central ambition is a decentralized unit of account that resists the quiet erosion caused by inflation. By anchoring the FPI stablecoin to real-world consumer items, the system creates a price benchmark that preserves spending power across time. FPIS holders steer this mission. They vote on the parameters that keep the peg aligned with the CPI-U index amid shifting economic conditions.
FPIS holders accrue the protocol’s economic surplus via seigniorage distributions. A structure identical to the established FXS model. Excess revenue from the FPI treasury—sourced from collateral yields and minting fees—flows directly to token holders. Governance rights embedded in the token permit direct on-chain voting on collateral types, stability fees, and other risk levers.
To access seigniorage distributions, holders lock FPIS into the governance contract. This mechanism, imported from Frax Share’s ve-token locking design, earns a proportional share of the treasury’s yield. It also grants the voting power to set FPI’s collateral ratios. Liquidity providers across Frax’s automated market makers may also receive FPIS emissions, deepening the token’s utility as an incentive layer.
Frax Price Index Share has a maximum supply of 100,000,000 tokens. Currently, 28,930,264.45 are in circulation. With a market capitalization of $3,123,373, Frax Price Index Share ranks #1,976 among all cryptocurrencies.
Frax Price Index Share Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 13/06/2026 | $0.08 | $0.08 | $0.08 | $0.08 |
| 12/06/2026 | $0.09 | $0.08 | $0.09 | $0.08 |
| 11/06/2026 | $0.09 | $0.09 | $0.09 | $0.09 |
| 10/06/2026 | $0.09 | $0.09 | $0.09 | $0.09 |
| 09/06/2026 | $0.09 | $0.09 | $0.09 | $0.09 |
| 08/06/2026 | $0.09 | $0.09 | $0.09 | $0.09 |
| 07/06/2026 | $0.09 | $0.09 | $0.09 | $0.09 |
| 06/06/2026 | $0.09 | $0.09 | $0.09 | $0.09 |
Why is manual trading Frax Price Index Share a bad idea?
Manual fpis trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
-
AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
-
Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Frax Price Index Share (FPIS) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live FPIS price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Frax Price Index Share (FPIS) is $0.084564. Over the last 24 hours, it has moved -0.25%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Frax Price Index Share on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your FPIS investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Frax Price Index Share's price is influenced by overall crypto market trends, trading volume, investor sentiment, regulatory news, and macroeconomic events. High volatility is common - FPIS can move 5-15% in a single day. This makes timing the market extremely difficult for manual traders but creates opportunities for systematic, data-driven strategies.
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We can’t provide investment advice. Whether Frax Price Index Share is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. FPIS can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
