Will vefxs holders earn any FPIS? I paper handed my

Question

Frax Finance

ultimatepro (¤, veFXS ) - PM = PHOTO OF MY DICK

Will vefxs holders earn any FPIS? I paper handed my

FPISs to swing trading and increase them but this time it went bad lol😔

#cryptocurrency #english #frax

0

13.04.2022

11 ответов

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ultimatepro (¤, veFXS ) - PM = PHOTO OF MY DICK Автор вопроса

Frax Goat (¤, ¤)
Ik 🙁 Why is the ecosystem fragmenting like this ug...

? my biggest positions are vefxs locked for 4 years and frax-fxs lp for three, I was greedy and wanted to increase my FPIS

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13.04.2022

Frax Goat (¤, ¤)

ultimatepro (¤, veFXS ) - PM = PHOTO OF MY DICK
? my biggest positions are vefxs locked for 4 year...

Yeah but it's totally possible that FPIS can overtake FXS in market cap, which is very possible because it accrues the most value from increases in FPI demand (and FPI is a stable unit of account, which should be better than FRAX once the yields increase beyond that of FRAX's when the pools and veFPIS launch). This would mean that the "security token and L1 token of the ecosystem" would in fact have less security since an ERC-20 equivalent in the frax ecosystem, FPIS, is more valuable. So if the team eventually plans to launch a rollup, it's not game theory optimal to use FXS as the security and native rollup token since FPIS would have accrued more value than FXS. I'm just thinking ahead and how this fragmentation of value could create problems

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13.04.2022

ultimatepro (¤, veFXS ) - PM = PHOTO OF MY DICK Автор вопроса

Frax Goat (¤, ¤)
Yeah but it's totally possible that FPIS can overt...

Great analysis

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13.04.2022

Sam Kazemian ¤⛓️¤

Frax Goat (¤, ¤)
Yeah but it's totally possible that FPIS can overt...

Interesting question for you to think about: if Tether issues over $400B USDT on Ethereum does that mean something is wrong? Since USDT would have a higher mcap than even ETH itself.

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13.04.2022

Frax Goat (¤, ¤)

Sam Kazemian ¤⛓️¤
Interesting question for you to think about: if Te...

I don't think that analogy exactly works though. That's like saying FRAX having a greater market cap than FXS, or FPI having a greater market cap than FPIS, would be a problem (which it wouldn't, since FRAX effectively has a greater market cap than FXS already). But it would be a problem if FPIS has a greater market cap than FXS, since FPIS is the governance token for FPI, but FXS is supposed to be the "L1" governance token for the entire ecosystem (unless this was just used an alaogy, I'm happy to be corrected). This would mean that people that want to get exposure to the Frax ecosystem would rather buy FPIS (since it has more network effects and was why the price theoretically increased faster than FXS)

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13.04.2022

Frax Goat (¤, ¤)

Frax Goat (¤, ¤)
I don't think that analogy exactly works though. T...

I'm just thinking in game theory terms @samkazemian

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13.04.2022

Sam Kazemian ¤⛓️¤

Frax Goat (¤, ¤)
I don't think that analogy exactly works though. T...

I think you’re generally right in that view on most parts. But it’s important to keep in mind if the price ever diverges from your view for a brief period of time, it doesn’t mean your valuation metric is wrong, but it could mean the market incorrectly pricing the two assets.

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13.04.2022

Frax Goat (¤, ¤)

That makes sense. So you're implying that once emissions for FPIS are turned on, FPIS will likely go down in price (similar to FXS and when it initially launched), which would result in the market correctly pricing FPIS against FXS

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13.04.2022

ultimatepro (¤, veFXS ) - PM = PHOTO OF MY DICK Автор вопроса

Frax Goat (¤, ¤)
That makes sense. So you're implying that once emi...

there is a nice analysis made a few days ago by @JefeElJefe

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13.04.2022

Frax Goat (¤, ¤)

ultimatepro (¤, veFXS ) - PM = PHOTO OF MY DICK
there is a nice analysis made a few days ago by @J...

can you please link it

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13.04.2022