is justified
Like why can't we just take the market price averaged over 100 days or something?
If you really wanna be nice throw in a premium But even with zero premium at 8 fpis for 1 fxs, aren't fpis holders getting the king token in exchange with zero slippage ?
Because it's not an 800% premium, can we just be real about this for a second. If we want to reasonably understand everyone, the first thing to do is clearly say it's not an 800% premium but the conversion ratio needs work. The way to do that is not to say something completely illiquid is the same as something that's not. Even bringing in Convex into it, there's like 500k cvxFXS liquidity. That's like $5m of "liquidity." That's less than 20% of a single day of FXS's trading volume. Let's please be constructive but realistic about this.
That is a much higher liquidity level number than fpis has now without any premium Like we all see fxs as the token with the potential which is why we all care so much Fxs holders gotta be treated fairly Even if they're not big
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