Starting tomorrow, August 13 at 6 PM UTC, the $RFLX redemption penalty drops to 0%.
That means holders can redeem $RFLX against the treasury for tokenized $NFLX at the full 1% for 1% rate.
More importantly, this is where the treasury starts to matter in practice: creating a redeemable floor for $RFLX, while every redemption reduces supply and feeds the flywheel.
The countdown has begun -