Of course what do bonds have to do with fpi following cpi
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
But current fpi isnt backed by treasuries right now.
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