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Has anyone heard anything about how collateral will be treated?

My fear is this —

Say I have 10k loan and 20k worth of ETH securing it. If they say everybody gets 50% of what they held, so I get 10k in ETH. But I owe 10k. So I get zero….

Just wondering if there’s been any chatter around that will be handled?

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you just have to pray that ETH price falls so that your collateral value comes close to 12k or so.. this way you could buy ETH in the open market and not pay you loan

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