argued before and we went with FPIS anyway. Things seem fine right now?
Maybe I'm just a tiny bit theoretically bitter. It feels like the promise of FPIS is being given up on....and there were a lot of people who went heavy into it because it seemed the frax community was committed to it. Now we are likely going to do some token exchange...will have to wait to see the details of course, but it seems like some folk will be pushing for market value exchange rates (which is an effective amputation of the potential that was there, and a major opportunity cost to those who invested early).
The token exchange would benefit fpis more then anyone Also we can learn from previous launches to know that separate tokens is a divisive thing and we probably didn't need to segment the risk of fpi to begin with
It is not clear to me that fpis holders would actually benefit from the current market exchange rate vs if we just kept them separate and fpi+fpis received incentive boosts and growth.
Haven't sold my fpis But don't think it should be divorced from market
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