FraxFinance launches Partisia Blockchain's Frax Price Index

On December 10, Frax Financial, an algorithmic stability stabilizer, announced that it would announce the Frax Price Index (FPI) on the Partisia blockchain. The benchmark index is tied to a fixed value and becomes a competitor of the benchmark model (CPI). In addition, the Partisia blockchain will be the basis of the secure algorithmic currency FRAX. Frax co-founder Sam Kazemian explained in a previous interview that FPI Stabilitycoin will be included in the contract. So, in addition to playing the important role of the CPI model, the REIT also provides a rate of return, improving the value of the stable value associated with it. "With the REIT, you can think of it as a commitment pegged to monetary policy." (Co-manager)