The Frax Price Index Share (FPIS) token is the governance token of the Frax Price Index (FPI) system, which is also entitled to seigniorage from the protocol. Excess yield will be directed from the treasury to FPIS holders, similar to Frax Finance's FXS structure.
Frax Price Index Share Price Analysis
As of December 14 2024 Frax Price Index Share has a marketcap of $26M.
This is {{percentagefromath}} from its all time high of $14.20.
In terms of its tokenomics, there's a total supply of 100M with 31% currently outstanding.
Keep in mind Frax Price Index Share has a fully diluted value of $83M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
