# Liquidity & Market Inefficiencies Locked tokens lack a structured secondary market, limiting exit opportunities for both original sellers and buyers looking to resell. Without sufficient liquidity, sellers struggle to find buyers, and buyers face **long holding periods with no efficient way to re-enter the market.** * **Low competition for lots** – Few buyers mean sellers struggle to exit positions and lower prices. * **Limited and cumbersome resale market** – Without a structured secondary market, both original sellers and buyers who later want to exit face challenges in reselling their locked tokens * **Synthetic swaps prior to delivery** – Unclear enforcement structures create additional risks before token delivery. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.secondswap.io/getting-started/locked-tokens-a-liquidity-problem-in-defi/liquidity-and-market-inefficiencies.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.