In doing so, Polychain, one of many oldest and richest crypto hedge funds, seemingly thumbed its nostril at a barely dangerous arbitrage commerce that might find yourself paying hundreds of thousands of {dollars} extra. It’s forgoing the chance to redeem its ROOK tokens through the “rage stop” sensible contract, the place it may at most yield $8.7 million. That’s as a result of these ROOK tokens give it the fitting to a assured slice of ROOK’s treasury, plus the potential for much more upside if different ROOK holders overlook to do the identical.
