The FPI is 100% collaterlized so the CR is 100% and will strive to be ~ 100% at all times because of its ambitious peg that’s harder to keep than the dollar. Additionally, the growth of FPIS will help stabilize the FPI peg so that FXS does not need to stabilize 2 pegs.
Then there is no FPIS burning when minting FPI right?
Hello Migue, this might give you a better insight ◡̈ https://t.me/fraxfinance/169904
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