paying down loans, that they allegedly used to farm yield with. And yet, your rates literally stayed the same (kinda fishy). It's a beginning of an end.
Can you elaborate a little bit more? Thanks
The alternative is that no debts were being paid off and they were liquidated, which looks better??
If they are paying down loans, it means they are solvent and avoiding bankruptcy. Also, when paying loans, they recover their collateral — become more solvent.
but they didnt lower rates to make it believable. So everything is fucked behind scenes.
They might be lowering them in the coming week or so ! one step at a time could be ??
FUD, 1st warning
Looks like they are scrounging for cash to unlock collaterall that is worth more than debt, doesn't scream solvency. If they were solvent, they could just repay the loan to match withdrawals
Maybe they get new money injection to pay down these loans? So the money used for earning yields are still there
That could be interpreted backwards —they think they can honour the rates, so no need to lower them LOL
How can they honor same interest rates with less money to generate same yield.
We don't know what is going on behind the scenes/ how they are restructuring/ if they have new investors.
Was that for me?
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