Key Terms
| Term | Description |
|---|---|
| FPI | An inflation resistant stablecoin (i.e. it tracks the rate of inflation). Initially backed by yield-generating FRAX. |
| FPIS | A governance token for FPI. Entitled to seigniorage when underlying yield is greater than inflation. Minted and sold to cover the shortfall when inflation is higher than underlying yield. |
| FPIS and FPI | FPIS is to FPI what FXS is to FRAX, and LUNA is to UST |
Introduction
FPI is a stablecoin that aims to track the rate of inflation. In other words, it is inflation resistant and ensures its holders maintain their purchasing power.
FPI uses a Consumer Price Index oracle to track inflation. This is updated monthly.
FPI seeks...
