Crypto Hedge Fund Polychain Prepares to Sell ROOK Token on Uniswap, Snubbing Lucrative Arbitrage Trade

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