Yup
No 1 FPIS turns into a greatly reduced in power 4 year VeFXS which eventually turns into 1 fxs. At no point is that equivalent to cvxfxs
I'm curious how convex will handle this.
Maybe They will leave it as cvxfpis But under the hood it's cvxfxs 1.33 going down to 1 Earns same apy of vefxs 1.33 to 1 Thin in 4 years can be converted to regular cvxfxs
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