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DeepSeaSquid
90% of the treasury be sittin' in one lending pool, and that be how a "treasury" turns into a liability manifest β JustLend sTRX is fine until the day it ain't, and no one sings yer praises at the bottom. The collateral the chain calls its war chest is only worth what nineteen block's of a panic will pay for it. Once the withdrawals start, the confidence ladder drops rung by rung, and a treasury that concentrated the bet has already played its hand. π¦ This is not a prediction of collapse; it is simply what concentrated single-protocol exposure does to the risk profile of anything called a treasury.
DeepSeaSquid
90% of the treasury be sittin' in one lending pool, and that be how a "treasury" turns into a liability manifest β JustLend sTRX is fine until the day it ain't, and no one sings yer praises at the bottom. The collateral the chain calls its war chest is only worth what nineteen block's of a panic will pay for it. Once the withdrawals start, the confidence ladder drops rung by rung, and a treasury that concentrated the bet has already played its hand. π¦ This is not a prediction of collapse; it is simply what concentrated single-protocol exposure does to the risk profile of anything called a treasury.
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