The current real-time price of FPIS is $0.1459. In the past 24 hours, FPIS has traded between $0.1420 and $0.1561, showing strong market activity. The all-time high of FPIS is $14.2, and the all-time low is $0.1128.
From a short-term perspective, the price change of FPIS over the past 1 hour is , over the past 24 hours is +0.50%, and over the past 7 days is -6.53%. These figures provide a quick overview of the latest price trends and market dynamics of FPIS on LBank.-14.96%
The live price of FPIS today is $0.1459, with a current market cap of $5.666M. The 24-hour trading volume is 5K. The price of FPIS to USD is updated in real time.
Before deciding whether to buy or sell FPIS, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s FPIS technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for FPIS.
How much will FPIS be worth tomorrow, next week, or next month in ? What about your FPIS assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! FPIS Price Prediction
To learn more about FPIS, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x34c0...58bde2  | 35.328M | 85.9% |
ethereum | 0x574c...ed7359 | 657.229K | 1.6% |
ethereum | 0x6a7e...53c502 | 642.351K | 1.56% |
ethereum | 0xe0dd...722f5f | 612.958K | 1.49% |
ethereum | 0xb174...003f27 | 525.600K | 1.28% |
Other | 3.360M | 8.17% |
FPIS is the governance and value-accrual token specifically designed for the Frax Price Index (FPI). While the FPI stablecoin is pegged to the U.S. Consumer Price Index to track inflation, FPIS allows holders to manage the protocol's growth and seigniorage. Holders can vote on parameters such as the Frax Collateral Ratio and treasury allocations. Additionally, it enables holders to capture excess yield generated by the FPI treasury—specifically profits that exceed the inflation rate. By locking FPIS into veFPIS, users gain increased voting power and a share of protocol rewards.
Yes, FPIS is being retired as part of the Frax Singularity Roadmap. The community voted to unify the entire ecosystem under a single governance token, FXS. This strategic merger aims to eliminate fragmented governance across different protocol products. By consolidating into a single value-accrual token, the core team can focus development and governance efforts on a unified DeFi stack that includes stablecoins, lending platforms, and the Fraxtal Layer 2 network.
The official retirement of FPIS and the final conversion date is scheduled for March 22, 2028. On this date, FPIS will cease to exist as an independent entity. Following this milestone, the token will become fully convertible into core Frax assets. This multi-year transition period allows the ecosystem to gradually migrate liquidity and governance functions while ensuring all holders have a clear path toward the unified FXS governance model.
For the final conversion in 2028, the fixed ratio is 2.5 FPIS for every 1 FXS (or FRAX, depending on the state of the treasury at that time). For users participating in external yield-optimizing platforms, migration paths have already begun. For example, certain staking derivatives have offered migrations at a 3:1 ratio. These fixed ratios provide a predictable path for holders to transition their governance power and value into the main ecosystem token.
The FPIS Locker is a specialized tool on Fraxtal, Frax’s Layer 2 solution, designed for early migration. It allows users to lock their FPIS tokens ahead of the 2028 deadline to gain immediate utility. By using the locker, holders receive veFXS voting power before the final conversion. The amount of voting power granted is dynamic, ranging from 0.33x to 1.33x veFXS, based on the duration of the lock chosen by the user.
No, the FPI stablecoin will continue to function as intended. The retirement only applies to the FPIS governance token. FPI will remain an inflation-pegged asset within the ecosystem. Once the FPIS token is fully phased out, the governance responsibilities and oversight of the FPI stablecoin will transition entirely to the FXS holders. This ensures the stablecoin remains operational while simplifying the underlying governance structure.
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