🚨 Crypto news: $20 million loan pool at Goldfinch is problematic! 😱 Approximately 7 million dollars of funds are at risk of loss. 📉
- In February 2022, 20 million USDC, 4-year maturity, 11% interest loan was provided to Stratos
- Stratos invested $13 million in Threecolts, $5 million in REZI, $2 million in POKT
- Threecolts are successful, but REZI and POKT positions will drop to $0 📉
Previously, DeFi protocol Goldfinch was left $5 million in crypto loan debt by African motorcycle finance company. Goldfinch completed a $25 million A+ round financing led by a16z in January 2021.
- In February 2022, 20 million USDC, 4-year maturity, 11% interest loan was provided to Stratos
- Stratos invested $13 million in Threecolts, $5 million in REZI, $2 million in POKT
- Threecolts are successful, but REZI and POKT positions will drop to $0 📉
Previously, DeFi protocol Goldfinch was left $5 million in crypto loan debt by African motorcycle finance company. Goldfinch completed a $25 million A+ round financing led by a16z in January 2021.