than market rate. That doesn't make sense...which indicates your scaling might be off? I guess you are arguing people should be penalized for not locking into vefxs?
Yes, I’d argue there should be a penalty for no locking at all. Its also considering the price impact of selling FPIS right now would have on the continuous amount of people trying to unwind their positions. We can’t assume that everyone trying to exit would get a conversion at today’s current prices, it would be exponentially lower cumulatively speaking.
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