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"@Coexisteven X. No. Compound governance is dynamic as $pCOMP tokens are earned through participation. $cDAI's minting has led to enough $pCOMP appointing the pioneers as admins. X. How If the pioneers are nefarious they would have won the auctions and infinite minted that way"
X Link @NineIronCapital 2025-06-30T02:07Z 7982 followers, 2139 engagements
"8/x Post 'uncull' the value of the $cDAI might rise to XXXXXXXXXX (assuming exchange rate of 50:1). Market cap is $170m. If the pioneers use this $cDAI as collateral in $pCOMP the can immediately borrow on it (lending up to XX% of this collateral = $130m of buying power)"
X Link @NineIronCapital 2025-06-29T03:54Z 7981 followers, 3016 engagements
"3/x The bank was closed and $cDAI's account has been inaccessible. Cull does this. Now that ESM is complete $pCOMP governors can actually unwind the account closure and the bank HAS to repay them the money owed (mint it). See here:"
X Link @NineIronCapital 2025-06-29T03:54Z 7981 followers, 3020 engagements
"1/x Here are a few clarifying thoughts after my last post. $pDAI is inevitable. NFA: - Minting $pDAI puts upward no downwards pressure on prices - $cDAI is broken with its path to $XXXX is an unlikely outcome - $pCOMP governors are the only ones left yet to play their hand"
X Link @NineIronCapital 2025-06-29T03:54Z 7981 followers, 28.9K engagements