Exit time

A line can be sold today at 3% below its value, or redeemed in 12 days at full value. What is the 3%?

• A fee the protocol charges for every withdrawal
• The price of getting the money 12 days sooner
• A loss that has already happened, whichever exit you choose

Which exit does the reserve job rule out when you raise cash for a bill?

• Selling a principal token on its pool before maturity
• Waiting out a vault's cooldown
• Selling the beta sleeve at market price