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What are the implications for cvxFPIS holders?

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Bullish 8x gain

Kones- Автор вопроса
Mark11
Bullish 8x gain

Isn’t that up to Convex devs?

Kones
Isn’t that up to Convex devs?

You are paid 200%apy paid in FXS to lock for 4 years in migration - ontop of any price rise in FXS + any veFXS yield

Kones- Автор вопроса
Mark11
You are paid 200%apy paid in FXS to lock for 4 yea...

So the convex developers will convert FPIS into 1.33 veFXS, and that APR will go to current cvxFPIS holders… after four years they can lock again, and have the equivalent of 4 veFXS earning APR?

Kones
So the convex developers will convert FPIS into 1....

Well we don't know for sure but something similar is logical

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