Without the FRR, this would be EXACTLY the same situation you currently face.
Please, since there would be no difference in your opinion as well: just remove it and prove me wrong.
If it's the same situation, there's no harm trying, right?
Like I said, I wish I could. Unfortunately, it is not that simple, you have a couple million in offers at that rate, just what...cancel their offers? The implementation of that, affecting potentially thousands of accounts, is kind of tricky, as are all large changes on a platform like bitfinex. We have been pretty stable over the years, haven't been hacked, and have had very little downtime. We don't like to take risks, we play it safe when it comes to an ecosystem that a lot of people rely on. But, if the FRR were magically removed, just so we could prove a point, currently, it would change nothing unless your order was going long for more than ~$300k. The reason I wish we could see this, is because I wonder what rate the almost 3 million at the FRR would pick...I am guessing it would prob be around 0.025%. If THAT were true...then in order to make rates go up, it would take an order of around 3 million dollars to move the rates (assuming they all simultaneously put in their offers at the same time, if they put them in over time, you could see the rates go much lower).
People who are content to take whatever they can get, will probably take whatever they can get...another alternative is that it is too much work and that 3 million vanishes from the book. Either way, it doesn't change the fact that some guy is perfectly content offering a swap for .025%