I don't think this lines up.
1) supply SWAG
2) borrow
3) temporarily crush SWAG
4) run away with funds
5) SWAG recovers
...all you've accomplished is selling your SWAG for a bad price.
This isn't scamming CREAM, I think it ends up donating to it.
Am I missing something? twitter.com/hasufl/status/
Conversation
This just seems super results based. SWAG has no real buyers. The only buy pressure thus far is people who have been tricked into wanting 500 APYs on this 2 week old token. No one has bought it as a hold and the daily volume is in the tens of thousands per day. 1/2
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It seems like your argument is largely based around 5) making him stupid but it is ultimately irrelevant.
They've managed to trade a token that should never be trusted on a platform like this at such a high collateral % in for a "real" asset 2/2
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Replying to
I guess a lot of this comes down to your thoughts on SWAG as a token.
I'm not sure how much you know about it -- FWIW I think that as far as crypto tokens go, it has fairly solid backing.
Not saying you're necessarily wrong here about the collateral ratio for SWAG, but I'm guessing if their goal was to sell 15m toksn at $0.10 they may have been able to find an OTC buyer for that.
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