@0xMakima_ the only thing he should do, but also shouldn't do at the same time for any credit related reserves, because it takes time to unwind, they should lock for some time for liquidity purposes
@usermarat1@Main_St_Finance because there is something fundamentally wrong with their design and their action, they actually put msUSD's reserve into option margin i believe.
@RockyYa33667854@Main_St_Finance exactly, and they should do claims first if they already decided to fix the interest to 0..... write off msy give reserve to lender, immediately
@cobonot@Main_St_Finance Exactly, if positions cant be exited at mark, proof of reserves should not use mark. Should use the taker price as the reserve level..
@AYI1981east @Main_St_Finance thats because the other coin AVLT at least can be liquidated and less depegged, but on one wants msY, msY is severely depegged and oracle stopped
@julian_colombo@Main_St_Finance exactly, and also where the heck external funds are,,, and why not buy back msusd at steeper discount and then close box spread at like some smaller loss