It’s encouraging that the project team is willing to provide partial subsidies to traders in the $RiverPts secondary market. I believe this is a very responsible move.
Based on what I’ve gathered from Discord, I suggest the subsidy should cover trading losses incurred between 7:09 PM on November 9, when conversion was paused, and 9:09 PM the same day, before the announcement.
The reason is simple. Buyers during this period acted based on trust in River’s system. They are genuine long-term supporters and deserve recognition and protection.
Trades made after the announcement were executed with full information, so the risks are no longer the same. Compensation for these trades can be discussed separately.
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I think the current points price is very low — you can buy back without needing support from the team
I’m not sure whether it’s necessary to compensate losses incurred on the secondary market, but if the team is willing to do so, I think it should be welcomed.
Personally, I think it would make sense to include buy orders placed shortly after the announcement was released (for example, within 30 minutes to an hour, or purchases made above around $0.02) as well.
This is because not everyone was able to see the announcement instantly, and some people likely bought without yet understanding what was happening.
However, in principle, compensation should be limited to those who have held their tokens or kept them staked while enduring unrealized losses (River believers!).
Otherwise, even people who tried to take a profit from volatility would end up being included.
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