FPIS Distribution
Initial distribution plan for FPIS tokens
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Initial distribution plan for FPIS tokens
Last updated
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⚠️ Remaining tokens in the Frax and FPI Treasuries will be burned per the 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):
25% FPI Protocol Treasury 25,000,000 FPIS voters themselves have total control in how to distribute these tokens.
FPI Protocol Treasury (multisig): 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): FPI Core Contributors (Fraxtal): 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
FPISAirgrabber: