Frax Price Index (FPI) stablecoin analytics
FPI is Frax's CPI-pegged unit-of-account stablecoin, tracking US CPI inflation with 100% FRAX reserves and FPIS token dilution as the algorithmic backstop.
Static Profile
Static stablecoin profile
Frax Price Index (FPI) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg CPI.
AI summary / Updated Jun 3, 2026
FPI is Frax's CPI-tracking stablecoin backed by FRAX reserves and AMO-generated yield — an inflation derivative with single-issuer dependency. Frax Price Index does not peg to a dollar — it pegs to purchasing power, with a redemption price that ratchets upward every second at...
AI summary · drafted by claude-opus-4-8 · reviewed by @TokenBrice on Jun 3, 2026 · facts as of Jun 3, 2026
- Collateral
- FRAX stablecoins held at 100% collateral ratio, with AMOs generating yield; FPIS tokens sold via TWAMM when AMO yield falls below CPI inflation rate
- Peg Mechanism
- Redemption price grows on-chain per second at the 12-month US CPI-U rate (BLS data); updated monthly via Chainlink oracle; 100% collateral ratio maintained via AMOs
- Jurisdiction
- United States
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is FPI safe?
Pharos does not mark FPI as absolutely safe. Static metadata says Frax Price Index uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety fpi-frax
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 3, 2026.
FPI quick answers
What is Frax Price Index (FPI)?
FPI is Frax's CPI-pegged unit-of-account stablecoin, tracking US CPI inflation with 100% FRAX reserves and FPIS token dilution as the algorithmic backstop. The static profile records its CPI peg mechanism as: Redemption price grows on-chain per second at the 12-month US CPI-U rate (BLS data); updated monthly via Chainlink oracle; 100% collateral ratio maintained via AMOs
What backs FPI?
Pharos classifies FPI backing as Crypto-Collateralized. Collateral, per the static profile: FRAX stablecoins held at 100% collateral ratio, with AMOs generating yield; FPIS tokens sold via TWAMM when AMO yield falls below CPI inflation rate Reserve evidence: live reserve feed configured.
Can FPI be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for FPI, when applicable, appear in the dossier below.