The Frax Price Index Share (FPIS) is the governance token of the Frax Price Index (FPI) stablecoin.
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Frax finance is an On-chain protocol that is trying to solve the Defi trinity and build a fully-fledged product on top of its stablecoin $FRAX.
The inflationary aspect of the US dollar has left people unwillingly searching for external bets to protect their wealth, these bets took many forms in the past century like purchasing lands and real estates, accumulating hard store-ofvalue assets such as gold or silver, and even purchasing daily used commodities like food, oil and many more.
Frax finance is trying to build an on-chain permissionless tool to bet against or on the inflationary nature of the US dollar by creating a two-token system, $FPI / $FPIS, and running a zero-sum game to benefit both parties, each in its own time.
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