yes, that seems to be what's happening. Those VIR loans create some kind of a wall, which effectively cut you off the loan market (unless you deliberately borrow before trading).

And an especially annoying problem is: often there are enticing offers for 1 day. Even yesterday, during those extreme rates, there was an 1-day offer for just 40% percent. But unfortunately, there is no way of getting into a position using those. Since the VIR offers are preferred always.

Just as an example, recently the offers were as follows:


But when attempting to open long for 1 day, you get an offer over 0.17 %
which shows that we're using VIR solely, which were at that time at 60%



Now the question is, do you think this would change if users could set a toggle that they don't want VIR, and set a limit for their rates? Would that change the market behaviour and help to move the rates down more quickly when there is not so much demand?