We are able to report deficit but there is no way to restore that.
Umbrella can work as spoke where it clears the deficit under certain situations.
Whenever is bad debt:
- decrease debt
- increase deficit
- supplied assets should be equal to debt assets + deficit assets, so LPs cannot fully withdraw
Whenever the bad debt is cleared:
- reduce deficit
- reduce supplied shares but keep liquidity
- supplied assets should be equal to debt assets, so LPs can fully withdraw
references:
We are able to report deficit but there is no way to restore that.
Umbrella can work as spoke where it clears the deficit under certain situations.
Whenever is bad debt:
Whenever the bad debt is cleared:
references: