Item: FPIS
Rating: 3.00

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WikiBit Risk Alerts

Previous Detection 2024-11-15

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

FPIS Price Chart

Introduction

Markets

0.00%

-2.69%

-45.9%

All

-91.08%

FPIS, or Frax Price Index Share, is a governance token within the Frax Finance ecosystem, designed to benefit from the protocol's yield through minting taxes. It's part of a system that aims to maintain its purchasing power aligned with a basket of consumer goods, much like a stablecoin would with a currency. The token itself is not the focus but rather the mechanism it supports, which can be attractive to those interested in decentralized finance (DeFi) and yield farming.