US credit fund Stratos, the borrower of RWA loan agreement Goldfinch, faces a maximum loss of about $7 million

链捕手ChainCatcher · 2023-10-07T10:43:00.000Z

According to ChainCatcher news, the founder of RWA lending protocol Goldfinch posted on the governance forum that Goldfinch provided a US$20 million loan to the US credit fund Stratos in February 2022. As part of the loan, both Warbler Labs and Stratos management served as first-time loss guarantors. Participated in it, but Warbler Labs has discovered performance problems with the underlying loans of the Stratos pool. Stratos' investments in REZI and POKT may not be recoverable due to the decline in asset value, and the maximum loss is expected to be US$7 million. Warbler Labs will be responsible for all losses associated with these investments for Senior Pool and backers.

According to ChainCatcher, the founder of RWA lending protocol Goldfinch posted on the governance forum that Goldfinch provided a $20 million loan to the US credit fund Stratos in February 2022. As part of the loan, Warbler Labs and Stratos management participated as first-loss guarantors, but Warbler Labs has discovered that Stratos' pool-based loans have performance problems, and Stratos' investment in REZI and POKT may not be recovered due to a decline in asset value, with an estimated maximum loss of $7 million. Warbler Labs will bear all losses associated with these investments for Senior Pool and funders.
It is worth noting that the Stratos Fund has an investment record of $250 million in the previous five years, with no overdue payments and an annualized return of 18%. The founder of Stratos was an early advisor to Goldfinch, and Stratos is an equity investor in Warbler Labs.