The 3pt cylinder lifts the MMM deck. The cylinder will of course bleed down with weight on it. I personally think three days is very acceptable. To prevent previously mentioned wear, which I have no idea if it would actually shorten life span of the lift cylinder's o-ring and backing ring, I always leave my mower deck height knob set on TOP when not in use. This way, the 3pt hitch is useable without dropping the MMM accidentally. The speed knob also locks the 3pt, so you can't drop it with the control knob closed.
I've repaired that o-Ring before...not something you want to have to do too often.