Taran, founder of OTC secondary market platform STIX, wrote that holders of hedged tokens have suffered huge losses over the past 12 months. The average retracement from over the counter valuation at that time to the current spot price is about 50%. This means that, on average, holders had the opportunity to exit their hedged positions last year at twice the current spot price.
The Celestia community initiated a proposal to set a lock limit on the staking reward of the lock-up token, and keep the unlock time of the staking reward consistent with the original lock-up token. In response to the proposal, Celestia founder Mustafa Al-Bassam wrote in support: "Let's complete this proposal. Most of the current PoS networks do not lock in investors' share of the pledge reward. This proposal solves Celestia's problem, and other Cosmos SDK chains can also adopt this scheme."