Metadao just launched a new project for on-chain fiat and stablecoin swaps.

The project itself raised around $2M in funding (from Polychain and Coinbase investments), but most of the team is of Indian descent, and many people are FUDing.

Metadao's rules this time are the same as before—excess amounts will receive refunds, so whales have another opportunity to play, and we can also try the PM.

In terms of the LP washing effect, you could completely hang YES slowly on options under $10M.