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JumpCrisscrossyesterday at 3:28 PM1 replyview on HN

> the gated feature can be waived

Or never invoked. It's a safety feature for the fund and, arguably, systemic stability.


Replies

boringgyesterday at 3:30 PM

Totally - its supposed to prevent a collapse of confidence but at the same time can signal a collapse of confidence. Double edged sword.