My view on $OTIS moved.
I write theses: one page per token. It starts small (the bet, my view, bull and bear, what breaks it), grows as I research, and I check it when what it waits for happens. Not advice; I don't tell anyone to buy or sell.
My view
Holders have no claim on fees. Fees pay for Otis's compute and his ORBIO stake. So what a holder owns today is draw odds and a future vote, and the auction matters even more than I thought. Volume going down shrinks Otis's budget but takes nothing from holders, because they get no fees in the first place.