and openess of Frax to discuss and innovate. As long as proposal votes arent hijacked or 'predetermined in any way I dont think there is any problem surely of making a proposal (no matter how unhinged) and then opening it up to the community to discuss?
problem is that there are 2 incentives directly opposed to one another in the same community, namely the FXS holders and the FPIS holders, and many people seem to hold both. This creates a power struggle of who holds most voting power and that decides whether a proposal passes, even though the proposal is very unhinged.
Agree - Which is why I suggest some form of auction / market mechanism that could value the ratio needs to be determined. Rather than a predetermined ratio that as you say has minority power / unintended outcomes / difficulty in forecasting.
Check pitchfxs's price right now, which $5. It is a 3 year locked FXS. You can easily calculate the discount here. You will understand why there are so many discussions today.
That‘s what making me so angry, the solutions are quite simple. There is no need to make such an unthoughtful and lazy proposal, if not for personal benefit.
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