never onboarding fpis at all and just letting them keep the standalone product. FXS eco has enough revenue generating products as is, and like Mark mentioned, already owns 33% of FPIS anyway.
Question is, are FPIS holders happy with staying with just FPI as sole product forever or would they rather be absorbed into fxs eco and enjoy the upside of all the products?
I think everyone posted on the discussion forum agrees with you. It’s just a few fpis holder pushing narratives in here
Yeah, I like to look at it this way: If no merger happens FXS is still fine. But FPIS holders would be stuck forever lol.
Well a lot of people have shared interests it seems, because they both have FPIS and FXS and dont want to sacrifice on the FPIS side. So Im curious to see how that results in voting power when the time comes.
Getting absorbed at market value is hardly a sacrifice. If they are truly supporter of fxs then they should agree with that instead of trying to make this a cash grab
Right. I wonder if the voting power of the majority of people holding both FXS and FPIS will determine the outcome.
I'll remind you and others that FPIS holders are celebrating the proposal because we were surprised by it too. I'm onboard with merger into FXS but to say that we're in this for a cash grab is offensive. We didnt suggest this amount, it was proposed by the team. Highly offensive to suggest otherwise. Roles reversed and you'd be taking the same stance, I'd bet.
You are arguing the valuation is correct by the proposal which is insane
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