locked $1 fpis from this month would be given a $100 token in exchange in 4 years plus vefxs yield?
FXS holders would be paying 100 for each token of fpis delayed for four years
Another way to think about it is that FXS to 100 is about a 12.5x from this price. FPIS 12.5x from this price is about $20. Do you think it would hit $20 if FXS is at $100 and it never merges? If yes, then it's about the same return as the current merge proposal. I'm not saying I know or think so, just saying another way to think about it.
No I don't think anyone thinks fpis would be worth 20 Fxs has a path to 12x, fpis does not realistically
The issue is that FPI can’t scale without being absorbed by FXS. If it stays pat where it is, the cap will never be lifted and it will be stuck at $100m forever. There’s too much risk in backstopping FPI with just one token dependent on revenues from its operation. This is the whole point of the merge. Frax needs FPI for its long term plans, but it can only work with FXS backing. With FXS there are other revenue sources which can backstop during high inflation periods. FPIS is in a tough spot because of this. Its MC is limited because the cap can’t be lifted safely. This was priced into the market cap at $1 per. So even if fxs went to $100, Fpis won’t follow the move.
Bro, fxs to 10
FXS to $100
Why is everyone writing about 100, how fxs has a problem to keep $10. Plus how does the team want to chase people and build marketing as the token price laggs. Fxs is going up = more intrest. Best marketing.
Even Sam said that right? Price action is the best marketing or something like that
Lukor thank you sincerely for coming here with your very valuable contribution, each member of the community will treasure the day we were blessed with your wisdom!
Opinions do not matter. In the end, it's still up to the team to decide which way to go. Conclusion: it is better to keep eth than fxs ✍️
Can youvl explain this a bit more. Why can't fpis scale? Could a dao vote help?
Worst performer
Обсуждают сегодня