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How much more obvious does it need to get before Sonic Labs or Silo says something? @SonicLabs @SiloFinance 88.4% borrow APR 75.1% supply APR 100% utilization 0 USDC available to borrow And people still want to call this “healthy.” And instead of clear public answers, there are already reports of people getting deleted from Discord for raising concerns. This market looks completely pinned, completely overcrowded, and completely dependent on nobody rushing for the exit at the same time. Meanwhile there’s roughly $2.9M of $S-side TVL that can become sell pressure if this unwind starts cascading. That is not confidence. That is a giant red flag. This is the kind of setup that gets defended all the way up and then blamed on “market conditions” after it blows up. How is this not a ticking time bomb?

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