As an FXS holder I'm supporting a merge to simplify

Question

As an FXS holder I'm supporting a merge to simplify

the ecosystem. I also realize that for this to happen the incentive needs to be on the side of the fpis holder. We can debate the exact ratio for sure, but the idea to have fpis holders gain if they align longer term with the protocol is elegant. So for those against, what ratio would you propose?

#cryptocurrency #english #frax

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21.02.2024

18 ответов

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Svn@k-lo Автор вопроса

Strife
Why does the incentive need to be on the side of t...

Fxs holders are basically acquiring fpis, which will have to be at a premium if you want the fpis holders to sign up.

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8 месяцев назад

Milan - 米藍 - ميلان

Svn@k-lo
Fxs holders are basically acquiring fpis, which wi...

umm I think FPIS holders can be very happy being able to convert it into FXS in the first place, let alone the ratio. Or you'd rather stay in a tumbling token?

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8 месяцев назад

Jack

Svn@k-lo
Fxs holders are basically acquiring fpis, which wi...

20% premium to 90 day price is normal 500% return smells funny lol

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8 месяцев назад

Strife

Svn@k-lo
Fxs holders are basically acquiring fpis, which wi...

Why do they need to sign up? Wouldn't be that detrimental to fxs holders if they didn't. A merge proposal feels skewed to their benefit already...add in that ratio and 🤯 FXS was a bet on the full frax suite, fpis was a bet on fpi. Makes no sense to me to have fpis end up as a leveraged bet on the frax suite somehow with this conversion

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8 месяцев назад

Milan - 米藍 - ميلان

Strife
Why do they need to sign up? Wouldn't be that detr...

looks like FPIS holders bet on the wrong horse and now still want to claw back some of the lost money via FXS, at the cost of FXS holders which were in the right bet all along and now will get punished for it

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8 месяцев назад

Grills

Milan - 米藍 - ميلان
looks like FPIS holders bet on the wrong horse and...

Imo, FXS should be the winners here. Not the other way around.

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8 месяцев назад

Svn@k-lo Автор вопроса

Milan - 米藍 - ميلان
umm I think FPIS holders can be very happy being a...

That's a personal appreciation. The market sets the price of both so your idea of 'stumbling token' is already priced in. So again, if there is an acquisition proposal and you want to convince the other party (who will have to vote as well) a premium is needed. So only question really is what the a reasonable ratio would be

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8 месяцев назад

Jefe ElJefe

Milan - 米藍 - ميلان
looks like FPIS holders bet on the wrong horse and...

Lol @ bet on the wrong horse. All the FPIS holders are super devoted FXS holders

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8 месяцев назад

Intern C

Milan - 米藍 - ميلان
looks like FPIS holders bet on the wrong horse and...

You know right the proposal was by team and they hold mostly a big part of the supply, and they gonna be diluted also

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8 месяцев назад

Milan - 米藍 - ميلان

Grills
Imo, FXS should be the winners here. Not the other...

of course, FXS doesn't need FPIS, FPIS needs FXS. So the power dynamic should be totally reversed and only FXS holders should be able to vote on that merger acquisition.

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8 месяцев назад

Mark11

Intern C
You know right the proposal was by team and they h...

They also own a big part of FPIS supply

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8 месяцев назад

Milan - 米藍 - ميلان

Jefe ElJefe
Lol @ bet on the wrong horse. All the FPIS holders...

then let them do what is in the best interest of FXS instead of trying to revive something that has failed

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8 месяцев назад