Don'T get why frax team would think a 800% premium

Question

Frax Finance

Timothy

Don'T get why frax team would think a 800% premium

is justified

Like why can't we just take the market price averaged over 100 days or something?

#cryptocurrency #english #frax

0

23.02.2024

3 ответов

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Timothy Автор вопроса

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 ?

0

23.02.2024

Timothy Автор вопроса

Sam Kazemian ¤⛓️¤
Because it's not an 800% premium, can we just be r...

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

0

23.02.2024

Sam Kazemian ¤⛓️¤ · Accepted Answer

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.

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Don'T get why frax team would think a 800% premium

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