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Johnny do you understand how bonds work?

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Of course what do bonds have to do with fpi following cpi

Johnny00
Of course what do bonds have to do with fpi follow...

I think youre missing something Here's the example: If you buy 1 fpi for 1.097usdc Frax can take that 1.097 usdc Buy a tbill that earns 5.4% but only have to pay 3.7% to fpi users The difference would be protocol profit

Bizy
I think youre missing something Here's the exampl...

But current fpi isnt backed by treasuries right now.

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