Cap App

Imagine a casino. For months it publicly invites LPs (the bankroll) and gamblers with a promised rewards program, and even publishes the exact bonus rates so everyone can calculate their payout to the cent. Then, after a year, the casino says: "Nevermind guys, nobody gets the rewards. But we WILL be compensating the losses of the gamblers, even though they inherently accepted the risk of losing all funds by gambling here." The people who funded the house get nothing. The people who made the riskiest bets get their chips back. Does that make sense to anyone? And in this particular casino, the biggest gambler at the table appears to be (connected to) the Casino owner.