1 fxs
actually better than
1fpis -> 1.33 vefxs -> 1 fxs
The latter (from the Singularity proposal) means that fpis converters will get less revenue from fees over a 4 year period than from what @WethWood just proposed.
Since the end state is both 1 fxs after 4 years, the question seems to be:
Is the expected yield from having 2.66 more vefxs over a 4 year period (with linear decay) going to be more than 2 fpis at today's prices? I suspect it would be more.
The latter wasn't specific in the proposal and was open for discussion. The 3 to 1 but forced lock is probably what will be the option will be
The latter is better because you get more FXS long term for even more revenues
if we vote for 3 FPIS : 1 FXS with 4 year lock, does it still mean 3 cvxFPIS for 1 cvxFXS?
You mean 1 FPIS -> 1.3 VeFXS -> 1/3 FXS in Westwood proposal Versus 1 FPIS -> 1.3 VeFXs -> 1 FXS In original proposal Westwood proposal actually keeps the voting power effect of the original proposal in effect because he’s dividing the amount received by 3 from the beginning
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