Analysis in this thread supports the conclusion that as in the headline, they MIGHT be insolvent; and it is not irrational to believe that they are. IMO the im

Analysis in this thread supports the conclusion that as in the headline, they MIGHT be insolvent; and it is not irrational to believe that they are. IMO the important thing is that unwinding the specifics to answer this, e.g. guessing what liquidation of their collateralized debt would mean, and running the numbers of what dogfooded assets are actually worth on the market (specifically should they as the dog not be certain to be able to support valuation...), etc ad nauseum, is itself so murky (and typical of "difi") as to make a more important assertion, this industry continues to a clown show grift and bad faith, and even well-intended good-faith participants have little to no chance of ever knowing where they stand or having any security. One of the few satisfactions of the looming economic apocalypse is going to watch this particular wing of the house of cards fold instantly.