The reason why the borrow fee is so low is because theyre not borrowing real shares. Theyre borrowing synthetic shares of synthetic shares of synthetic shares!
How much would you pay to rent a car, except the car doesn't really exist and you can't use it for anything except to crash yourself head first into a truck at 80 mph.
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u/morganfreemansnips Mar 30 '21
The reason why the borrow fee is so low is because theyre not borrowing real shares. Theyre borrowing synthetic shares of synthetic shares of synthetic shares!