It’s a overall tricky situation as Ren wrapped tokens like renFIL face an extremely bad wind down.
As there’s no way to mint any more but only burn liquidity has faded to 50k which is mostly controlled by sth seemingly related to Wintermute $5.70 | renFIL (renFIL) Token Tracker | Etherscan
Seems like they liquidated some accounts so chances are good they liquidate: 0xaee2ae13ebf81d38df5a9ed7013e80ea3f72e39b soon as well making 16k renFIL available to withdraw.
What do you mean “arenFIL is mostly going to the treasury” ?
My thinking was that newly accrued arenFIL will probably be worthless soon(because renFIL will be worthless). So better to have worthless arenFIL on the treasury then at users accounts. So when Rf is set to 99, supply any will be close to 0 so suppliers are incentivized to withdraw. That said the argument no longer makes to much sense as there is currently no more renFIL to withdraw.