FPIS Distribution

Initial distribution plan for FPIS tokens

FPIS Token Distribution (100,000,000 FPIS total supply)

⚠️ Remaining tokens in the Frax and FPI Treasuries will be burned per the phase out and not be eligible for 2.5 : 1 conversion to FXS. The total supply is thus expected to decrease to around ~41M eligible FPIS. ⚠️

30% Frax Finance Treasury 30,000,000 FXS voters have total control in voting how to distribute these tokens through governance.

Frax Finance Treasury (multisig): 0x9AA7Db8E488eE3ffCC9CdFD4f2EaECC8ABeDCB48

25% FPI Protocol Treasury 25,000,000 FPIS voters themselves have total control in how to distribute these tokens.

FPI Protocol Treasury (multisig): 0x5181C3c36bD52F783e6E1771d80b1e3AdCB36019 10% veFPIS Emissions 10,000,000

⚠️ veFPIS emissions were stopped in early July 2024 per the phase out. The leftover tokens are stored in the FPI Protocol Treasury multisig and are planned to be burned. ⚠️

FPIS allotted to veFPIS stakers on a yearly halvening emissions schedule starting February 20th, 2023 at 4pm PST. First year emissions of 5M FPIS, second year emissions of 2.25M FPIS, third year 1.125M FPIS, etc. This emission will be augmented with additional FPI Protocol profits distributed to veFPIS holders when the FPI stablecoin is above a certain collateral ratio set by governance.

25% Core Developers & Contributors Treasury 25,000,000 4 year back-vested to start from February 20th 2022 at the same time as airdrop genesis with a 6 month cliff. Distribution occurs on/around 20th of each month.

FPI Core Contributors (Ethereum): 0x708695db8dF61e646571E78b9b3e2BAd7D6c42E3 FPI Core Contributors (Fraxtal): 0xe0EefF64eAB79C78221f9571BBDA70eEe65620ce 10% February 2022 Airdrop to FXS Holders 10,000,000 Snapshot on February 20th 11:59:59 UTC 2022 and were claimable until August 20th 11:59:59 UTC 2022. Approximately 459,074.53 FPIS went unclaimed and was recovered to the FPI Comptroller Multisig at 0x6A7efa964Cf6D9Ab3BC3c47eBdDB853A8853C502

FPISAirgrabber: 0x3266724e4e58E5891Eb30E6d329bA119A192483c