The issue is that the protocol is designed to benefit the developers and the Borrowers first and foremost. These people have had more than five months to accumulate free XVS and have routinely dumped on the market. Further, they unroll gestures like the airdrop and the ‘upcoming burn’ in the aim of luring new investors. Borrowing the governance token should not be permitted.
I don’t think we’d suffer the market dips as extremely if these concerns were addressed in a timely manner. There would be a lot more certainty around the asset. We’ve been voicing these concerns since February. No protocol has been given this many chances!