Frax Finance will soon launch the Frax Price Index (FPI) token, expanding the firm’s suite of protocol offerings.
FPI is unique in that it’s the first stablecoin to track the U.S Consumer Price Index (CPI). Using oracle data from Chainlink, each month will see a “dollar-denominated value” adjustment in line with the movement of inflation.
“The system will adjust every month according to an on-chain Consumer Price Index oracle so that holders of the FPI will increase their dollar-denominated value each month according to the reported CPI increase.“
The latest U.S. CPI data showed that inflation has increased to 8.5% in March versus 7.3% in February – the highest in 40 years. The increase from February was the fastest monthly jump since September 2005, keeping pressure on the Fed to step up with quantitative tightening measures.
Runaway inflation is here
Details of FPI first broke in January 2022, when the Frax team announced a new algorithmic stablecoin designed to be inf
We współpracy z: https://cryptoslate.com/inflation-linked-stablecoin-from-frax-finance-is-a-big-deal-heres-why/
