Arthur Hayes just pushed back on Paolo Ardoino's recent $500M monthly profit narrative. His take? Sure, those numbers look massive—but here's what's still sitting in the fog: the actual dividend distribution strategy and how they're targeting over-collateralization across different asset buckets. Hayes isn't buying the headline without the fine print.

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RetroHodler91

· 14h ago

The numbers are so beautiful, who wouldn't want to believe them? But Hayes is right... the devil is always in the details.

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GovernancePretender

· 12-01 19:59

The numbers look great, all the details are in the black box, this is just the old trick of the crypto world.

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GigaBrainAnon

· 12-01 19:53

Haha, here we go again. This kind of numerical game looks like astronomical figures but it’s impossible to clarify how to allocate them, a typical case of left hand pouring into the right hand.

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TokenToaster

· 12-01 19:44

This guy Hayes still has that temper; having good numbers isn't enough, you have to break down the accounts and explain clearly for it to count.

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