Stratos

Goldfinch

Reported Coindesk, a real world assets loan worth $20 million soured in a lending pool on decentralized lending platform <a target="_blank" href="https://tokeninsight.com/en/coins/goldfinch/overview" rel="noopener noreferrer nofollow">Goldfinch</a> after borrower Stratos’ bets on a real-estate tech company and digital asset investments “has not performed as expected,” pool manager Warbler Labs said Saturday in a protocol governance forum post.
The distressed pool made a four-year loan of $20 million worth of (USDC) stablecoins with an 11% annual interest rate to fintech credit fund Stratos in February 2022. Warbler Labs was the underwriter. Now, some $7 million of the funds are at risk of loss, Warbler disclosed.
Stratos allocated $5 million of the funds to REZI, a real-estate tech firm focusing on apartment rentals in major U.S. cities, which has now stopped paying and is expected to write down the position to zero. Another $2 million of the funds – dedicated to something it called POKT – was allocated to “digital asset investments” Warbler Labs said it “was not aware of at the time of the investment,” according to the post. Stratos sold this position at a “near full loss,” and added loan collateral to cover the shortfall.
Warbler Labs said it will backstop all losses to investors in the pool.
<img src="https://s2.tokeninsight.com/static/calendar/img202310101049314f794339-5f2f-4431-8802-2e424e1e4b55.jpg">
Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news" rel="noopener noreferrer nofollow">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a>
Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a>
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a rel="noopener noreferrer nofollow">news@tokeninsight.com</a>

RWA Lending Protocol Goldfinch Faces $7M Bad Loan

TokenInsight

发布于 2023年10月10日的其他文章

订阅我们免费的电子期刊，获取每日最新加密领域动态！

RWA Lending Protocol Goldfinch Faces $7M Bad Loan

TokenInsight

发布于 2023年10月10日 的其他文章

订阅我们免费的电子期刊，获取每日最新加密领域动态！

发布于 2023年10月10日的其他文章