i will respond to your vwr properly once i’m with my wallet tomorrow morning.

in the meantime, just wanted to point out that “The 2% stake is based on a meme token” is incorrect. 

our protocol is $imf token owned. its actual ownership in the protocol. this is explained in the proposal and in docs.imf.bz 

as for impermanent loss, its not mentioned as its not applicable. i’ll let chatgpt explain here:

Michelada connoisseur. Chief Onchain Officer at /area51 since 2022 AD. Focused on digital art, tech & crypto. https://gramajo.carrd.co

Got it, that makes this easier to explain to most folks

Nouns

Bad debt is prevented by comprehensive liquidations engine. 

Morpho have a novel mechanism where liquidators don’t need to be capitalised. 

Whoever is first to a liquidation can take the collateral from the position at no cost, so long as the collateral is sold and debt repaid in same transaction. 

Our bots are built specifically to serve this function reliably, as well as the open market for Morpho liquidations. 

Extensive back modelling shows no sufficiently short term candle presents a scenario where liquidations can’t be safely executed with select assets and parameters.

Thanks for answering all these Gami, really did mean to signal and not vote