WLFI (The trump coin) and the structural risks of self-collateralized liquidity: Scope, method, and assumptions

I'm not attacking this token as merely an academic exercise. I actually write Solidity code and I respect the ideas behind DeFi. While there really aren't any rules, there are basic guidelines that let you know what your buying. When I read the Solidity contracts for the trump coin, I'm astounded that anyone would ever knowingly trade on a token that is so unsteady and unreliable. A major player…