#SOPH Soph's rate settlement time has changed to one hour!

As soon as it goes live, it directly crashes the market, and the contract's position size continues to rise. One possible reason is that early participants' cost was only $0.03, and they need to have a three-month lock-up period after TGE, while the opening price of the contract is $0.92. Therefore, they sold early to lock in profits, which is equivalent to a naked short. Now the rate is settled once an hour, and these short sellers may end up getting slaughtered for the New Year.