To further illustrate why the longer you hold $SBOND the more profitable it is, let's take an initial $1000 investment into consideration. In this example, say this $1000 is used to buy $SCARAB when $SCARAB TWAP is 0.95 and then swapped for $SBOND.
If these $SBOND are redeemed when:
-$SCARAB TWAP is 1.5, your investment would now be worth $1421.
-$SCARAB TWAP is 2, your investment would now be worth $1789.
-$SCARAB TWAP is 3, your investment would now be worth $2526.
-$SCARAB TWAP is 5, your investment would now be worth $4000.