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Spencer Noon 🕛
@spencernoon
40% of all $CREAM collateral is a single centralized exchange token. 25% of the entire $FTT float is in $CREAM too. This is straight up reckless from a risk perspective, and the people who are going to get hurt the most are $CREAM holders.
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Meeseeking
@meeseeking
Do @CreamdotFinance & $CREAM holders understand that their entire platform is facing existential risk? The amount of $FTT collateral on their platform is 25% of $FTT float and 40% of Cream TVL. If $FTT fails, $CREAM fails and lenders won't get their money back. The fix is easy.
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Spencer Noon 🕛
@spencernoon
Looking to print millions of $$$ out of thin air? Step 1: Create a CEX token, huge supply Step 3: Keep the float low, huge mcap. You could never sell all of those tokens anyways Step 3: Get a lending protocol to add your token as collateral Step 4: Deposit Step 5: Withdraw $
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