New Landing Page is live! ๐ฃ
Discover all you need to:
โข Get help
โข Explore the ecosystem
โข Dive into the community
โข Build on PoolTogether
Check it out: https://t.co/9FA6EtqJiK
How can AT1 bonds be zero'd when they're more senior than equity which is getting paid 2bn, you ask?
Because bondholders agreed they could be.
Here's the section in the $CS 9.75% AT1 prospectus (don't worry if you weren't aware, half the holders prob haven't read this either):
We are pleased to share that we have reached a successful resolution with @Auros_global, enabling Liquidity Providers in M11 Creditโs USDC Permissioned and wETH pools on @maplefinance to expect a 100% return of their funds over time.
๐งต...
(1/13)