If you are buying at market price but OTC from the initial entity it should still have a lock.
Because:
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These LDO are coming from the initial entity and do not currently exist in circulation.
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The OTC buy, really isn’t “market price” because you can’t buy that much LDO easily without moving the price. So buying “at-rate” is actually discounted in the block trade.
I do think LDO should sell some tokens into stables to ensure runway, but I think it’s entirely fair to ask for a small lockup, a one-year lock-up is pretty easy to stomach for a long term investor.