I would have thought that the three day conversion process or whatever it is would hinder people from arbitraging. It seems like most of those trades are something that are time sensitive to really take advantage of them. That unlock period would work against the benefit. Maybe I am wrong though.
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Certainly that is a deterrent also. We have a situation where, from an arbitrage perspective, few are going to be willing to risk half the position on a move over 3.5 days that could wipe out all gains.
But then again, nothing says that people wont do it. So the more layers of protection, the better things are in my opinion.
We want to make HBD as strong as we can. This means that we have to try and prevent gaming, at least on the base layer. Level 2 is its own animal, something that is outside the control of the community.
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That makes sense. Thanks for the great response.
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