I already saw flash return rate on the swap demand side. How can this happen? If there is only one Flash Return Rate then it would be the same. If one wants to receive a swap and choses FRR then his order should be matched against the big FRR-Wall on offer side of the orderbook. But i have seen FRR entries on the demand side already. The rates didnt match to the rates that were normal in demand side. Im not sure if FRR was existend on the offer side at that moment.
I will make a screenshot when i see it again.
It's the lending times. If someone wants to get a FRR swap for 30 days but noone's offering for that timeframe (only swaps offered for durations of <29 days), then there can be an FRR wall on the offer-side, peacefully co-existing with the usual FRR-wall.
So what is your explaination for someone who takes the high priced rates behind FRR-Wall? Accounts that wer created before that checkbox was implemented so that its not enabled to chose variable rates? I cant see how someone would get an advantage from. Maybe they only dont realize they have this setting.
I'm sure someone would have been quite happy to get a fixed rate at 0.03% a few weeks ago (while the FRR was at 0.025%). The rate went up quick and stayed there. Everybody who did get a fixed rate for a long timeframe... well, won big.