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Austerity Sucks
@austerity_sucks
a good thread in general, but one thing i'm curious about is, if it does pass, how do they "unwind" the FTT used as collateral for the borrow? do they just one day to the next forbid it and it triggers liquidation on the loans?
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SBF
@SBF_FTX
19) Well, it *is* less useful per $ than many of the other coins. But I think the community is not correctly understanding the implications of banning that much of the collateral. a) CREAM TVL down 30% b) CREAM borrowing down 40% c) Interest earned by lenders down 40%
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