@VillageIdiotDuh@Corey48747397 @proof_steve @AaluxxMyth@THORChain I don’t think that’s the issue here- the issue is rather should lenders be getting the “short end of the stick” as opposed to existing equity holders, as that is the case. Perhaps there was no other solution to maximize the optimal outcome, it’s just unfortunate for lenders
@RaymondMontreal@jpthor Yes, it’s an unspoken transfer of wealth from lenders to existing equity holders. The bandaid had to be ripped off unfortunately this is how it was done