"[EDIT: I’ve since learned that the developer(s?) behind this are already the laughing stock of the DeFi community, having wrecked each of their 3 previous projects (now 4) — though this might be their biggest hit yet]"
That seems like a poor idea when the collapse of this project was preceded by their failing token doubling in price before falling to zero. You’d need an unknown amount of collateral for an unknown period of time.
