The Benefits of Bending Out

Bend out had a bank run. They had like 40 million in reserves and all of it went to zero. The reason why this whole bend out thing happened was because a bunch of AFCs were overvalued. If you think an AFC is overvalued, for example, let's say you see a massive pump in like moonbirds or fucking apes or pungs,. Then you can basically take out loan and it basically becomes like your floor. And I would say like bend out is what kind of drove me to learning about all this.