Spot leverage on PEPE and MOG will be so obvious in hindsight. The bet at 33% LTV is simple 1/ For every $ the asset pumps up, you make 1.5 (so if it goes up 2x, you make 3x) 2/ You loose everything if the asset drops *more than 60%*. If (2) happens, you're rek'd anyway. If you think, on balance, it's more likely to go to Valhalla than dump, then may as well leverage up and buy more.