I'm invested in it enough to want to see how they ruin the ending.
Kinger and Pomni's ending in episode 3 was well done. And "Your New Home" was a good song.
The rest is mostly just whiplash of emotional therapy and passing the ball of who is most unlikeable.
And yes, obviously the show is one giant allegory for the mental illnesses of people like trannies, gays, sociopaths, weebs, and other freaks. Pomni is the straight man to show how obnoxious and fatiguing these people are to the normal world. The "circus" is a stand-in for "life" because the slightest hardship makes these people freak out and feel trapped in some gay oppressed purgatory. Abstraction is succumbing to their own self-made hardships. Being locked in the cellar is being shunned by a society that is sick of dealing with their destructive nature.
The whole show is a little too on the nose most of the time. But again, the morbid curiosity in me has to see how they drop the ball for the ending.