Convert Frax Price Index Share FPIS to Wrapped Bitcoin WBTC
FPIS to WBTC: 1 Frax Price Index Share converts to 0.00000129 WBTC
About FPIS and WBTC
Frax Price Index Share is falling, while Wrapped Bitcoin is climbing this week. The current FPIS to WBTC conversion rate is 0.00000129. Inversely, this means that if you convert 1 WBTC you will get 775,088.72 FPIS. The conversion rate of FPIS/WBTC has decreased by 0.03% in the last hour (WBTC/FPIS increased by 0.03%). In the last 24 hours, FPIS/WBTC shrunk by 1.62%, while WBTC/FPIS grew by the same amount.
The exchange rate of Frax Price Index Share is decreasing. The current value of 1 FPIS is 0.00000129 WBTC. In other words, to buy 5 Frax Price Index Share, it would cost you 0.000006451 WBTC. Inversely, 1 WBTC would allow you to trade for 775,088.72 FPIS while 50 WBTC would convert to 38,754,436.25 FPIS, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.31%. Meanwhile, in the last 24 hours, the rate has changed by 1.66%, and that the highest exchange rate of 1 FPIS to WBTC was 0.000001324 WBTC and the lowest 24 hour value was 1 FPIS for 0.00000129 WBTC. Last month, 1 FPIS was worth 0.000001326 WBTC. Today, it's down 2.79%. Looking back a year, Frax Price Index Share has changed by 0.000005122 WBTC. That means that in a single year, the value of Frax Price Index Share has shrank by 297.01%.
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.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Conversion tables
FPIS to WBTC values from Today at 9:48 am
0.5 FPIS = 0.0000006451 WBTC |
1 FPIS = 0.00000129 WBTC |
5 FPIS = 0.000006451 WBTC |
10 FPIS = 0.0000129 WBTC |
50 FPIS = 0.00006451 WBTC |
100 FPIS = 0.000129 WBTC |
500 FPIS = 0.0006451 WBTC |
1,000 FPIS = 0.00129 WBTC |
WBTC to FPIS values from Today at 9:47 am
0.5 WBTC = 387,544.36 FPIS |
1 WBTC = 775,088.72 FPIS |
5 WBTC = 3,875,443.62 FPIS |
10 WBTC = 7,750,887.25 FPIS |
50 WBTC = 38,754,436.25 FPIS |
100 WBTC = 77,508,872.49 FPIS |
500 WBTC = 387,544,362.45 FPIS |
1,000 WBTC = 775,088,724.90 FPIS |
FPIS to WBTC over time
FPIS | Today | 24H -1.66% | 1M -2.79% | 1Y -297.01% |
|---|---|---|---|---|
0.5 FPIS | 0.0000006451 WBTC | 0.0000006558 WBTC | 0.0000006631 WBTC | 0.000002561 WBTC |
1 FPIS | 0.00000129 WBTC | 0.000001312 WBTC | 0.000001326 WBTC | 0.000005122 WBTC |
5 FPIS | 0.000006451 WBTC | 0.000006558 WBTC | 0.000006631 WBTC | 0.00002561 WBTC |
10 FPIS | 0.0000129 WBTC | 0.00001312 WBTC | 0.00001326 WBTC | 0.00005122 WBTC |
50 FPIS | 0.00006451 WBTC | 0.00006558 WBTC | 0.00006631 WBTC | 0.0002561 WBTC |
100 FPIS | 0.000129 WBTC | 0.0001312 WBTC | 0.0001326 WBTC | 0.0005122 WBTC |
500 FPIS | 0.0006451 WBTC | 0.0006558 WBTC | 0.0006631 WBTC | 0.002561 WBTC |
1,000 FPIS | 0.00129 WBTC | 0.001312 WBTC | 0.001326 WBTC | 0.005122 WBTC |
Frequently asked questions
Right now, 1 Frax Price Index Share is worth about $0.08539.
Based on the current rate, you could get 11.71 FPIS for 1 USD.
Frax Price Index Share price has been on the rise. Since yesterday, the exchange rate of Frax Price Index Share has increased. Since last month, the exchange rate of Frax Price Index Share has increased. 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 58.55 FPIS. Inversely, 5 FPIS will cost about $0.427
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 Panda 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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