Convert Frax Price Index Share FPIS to Dai DAI
FPIS to DAI: 1 Frax Price Index Share converts to 0.08779 DAI
About FPIS and DAI
Frax Price Index Share is falling, while Dai is climbing this week. The current FPIS to DAI conversion rate is 0.08779. Inversely, this means that if you convert 1 DAI you will get 11.39 FPIS. The conversion rate of FPIS/DAI has increased by 0.05% in the last hour (DAI/FPIS decreased by 0.05%). In the last 24 hours, FPIS/DAI shrunk by 0.59%, while DAI/FPIS grew by the same amount.
The exchange rate of Frax Price Index Share is decreasing. The current value of 1 FPIS is 0.08779 DAI. In other words, to buy 5 Frax Price Index Share, it would cost you 0.43894 DAI. Inversely, 1 DAI would allow you to trade for 11.39 FPIS while 50 DAI would convert to 569.56 FPIS, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.68%. Meanwhile, in the last 24 hours, the rate has changed by 0.59%, and that the highest exchange rate of 1 FPIS to DAI was 0.08852 DAI and the lowest 24 hour value was 1 FPIS for 0.08726 DAI. Last month, 1 FPIS was worth 0.1149 DAI. Today, it's down 30.86%. Looking back a year, Frax Price Index Share has changed by 0.4768 DAI. That means that in a single year, the value of Frax Price Index Share has shrank by 443.19%.
Frax Price Index Share Market Stats
The Frax Price Index Share (FPIS) token is the governance token of the Frax Price Index (FPI) system, which is also entitled to seigniorage from the protocol. Excess yield will be directed from the treasury to FPIS holders, similar to Frax Finance's FXS structure.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
FPIS to DAI values from Today at 6:19 am
0.5 FPIS = 0.04389 DAI |
1 FPIS = 0.08779 DAI |
5 FPIS = 0.4389 DAI |
10 FPIS = 0.8779 DAI |
50 FPIS = 4.39 DAI |
100 FPIS = 8.78 DAI |
500 FPIS = 43.89 DAI |
1,000 FPIS = 87.79 DAI |
DAI to FPIS values from Today at 6:19 am
0.5 DAI = 5.70 FPIS |
1 DAI = 11.39 FPIS |
5 DAI = 56.96 FPIS |
10 DAI = 113.91 FPIS |
50 DAI = 569.56 FPIS |
100 DAI = 1,139.12 FPIS |
500 DAI = 5,695.59 FPIS |
1,000 DAI = 11,391.19 FPIS |
FPIS to DAI over time
FPIS | Today | 24H -0.59% | 1M -30.86% | 1Y -443.19% |
|---|---|---|---|---|
0.5 FPIS | 0.04389 DAI | 0.04415 DAI | 0.05744 DAI | 0.2384 DAI |
1 FPIS | 0.08779 DAI | 0.08831 DAI | 0.1149 DAI | 0.4768 DAI |
5 FPIS | 0.4389 DAI | 0.4415 DAI | 0.5744 DAI | 2.38 DAI |
10 FPIS | 0.8779 DAI | 0.8831 DAI | 1.15 DAI | 4.77 DAI |
50 FPIS | 4.39 DAI | 4.42 DAI | 5.74 DAI | 23.84 DAI |
100 FPIS | 8.78 DAI | 8.83 DAI | 11.49 DAI | 47.68 DAI |
500 FPIS | 43.89 DAI | 44.15 DAI | 57.44 DAI | 238.42 DAI |
1,000 FPIS | 87.79 DAI | 88.31 DAI | 114.88 DAI | 476.85 DAI |
Frequently asked questions
Right now, 1 Frax Price Index Share is worth about $0.08776.
Based on the current rate, you could get 11.39 FPIS for 1 USD.
Frax Price Index Share price has been declining. Since yesterday, the exchange rate of Frax Price Index Share has decreased. Since last month, the exchange rate of Frax Price Index Share has decreased. Since this time last year, the price of Frax Price Index Share has decreased.
You can use our FPIS to USD calculator at the top of this page to convert any amount of FPIS to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 56.97 FPIS. Inversely, 5 FPIS will cost about $0.4388
Frax Price Index Share can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Frax Price Index Share.
There are a number of crypto assets that have the a similar or comparable market cap to Frax Price Index Share, including Stronger, Frax Price Index, and Freedom God Dao. For a more robust list of assets to explore, jump to the asset page dedicated to Frax Price Index Share.
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