good night irene...

Levered vehicles like BNB have the potential to collapse if asset values drop by over 10% more or so.

And in a period of asset revaluation and devualation, there is a chance the above can occur.


At the peak of the market last year, some vehicles were levered up by up to 50 times.


At that ratio, a 2% fall in assets wipes out all equity.


BNB does have a 50 times leveraged balance sheet, but it was way too high and holders are paying for it now