🔥 Lorenzo Protocol just killed the exit premium game forever.

Redemption here is 100% deterministic, non-custodial, and fully internal. First redeemer? Same value as the last. No one screws over the next user. Zero slippage from sequencing. Exiting never messes up the pool.

Why this hits different: In most systems, the exit premium is baked in deep.

- AMMs: Early exits drain liquidity → wider spreads → brutal slippage for stayers.
- Synthetics: Early unwinds erode hedges → weaker collateral for the rest.
- Lending: First liquidators snag prime assets → leftovers get trashed.
- Stablecoins: Early runs hold the peg → late ones eat depegs.
- LSDs: Pioneers exit near par → latecomers stuck with liquidity droughts.

Lorenzo? Builds a system where neutrality reigns. No FOMO exits. No degraded conditions. Pure fairness in BTC liquidity finance.

This is how we mature DeFi. 🧠💎