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    Yield Illusions Entry #0916

    The reason a lock-up is dressed up as a premium return

    A higher rate for locking funds is sold as a reward for loyalty, but the extra is compensation for lost liquidity and rising risk during the time you cannot leave.

    Adept
    The hidden part #0916

    A lock-up bonus is rent on your risk, not a prize for loyalty. You are paid for being unable to leave.

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