the Treasury to ERC-20 would increase the APY alot but surely it will do the opposite ?
The pie doesn't really change size once the initial fees etc go in but everyone slice would get smaller as alot more deposits to dilute the pool?
Probably initially it'll help apy with incoming deposit fees
Initially yes but longterm I'm talking about
You only have to look at what has happened with base APY as the treasury grew over time.
The APY just gets spread thinner and thinner right?
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