FTX keeps innovating ... unexpected $70M FTT ICO coming to a liquidator near you?
Collateral factor for FTT is 20%, so Alameda won't let this be liquidated. The risk is a black swan on FTX which is unlikely but not impossible.
Cream should really have set a max FTT supply here.
Quote Tweet
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.
Show this thread
2
2
12
