🚨 Crypto news: $20 million credit pool in Goldfinch protocol had a problem! 😱 Approximately 7 million dollars of funds are at risk of loss. 📉
- In February 2022, a 20 million USDC, 4-year loan was provided to Stratos, guaranteed with 11% annual interest.
- Stratos used $20 million as follows: $13 million to Threecolts, $5 million to REZI, $2 million to POKT.
- While Threecolts perform strongly, the value of REZI and POKT positions will drop to $0.
🔗 This was previously reported regarding a $5 million crypto loan debt by African motorcycle finance company Goldfinch. 🌍
Note: Stay tuned for developments in the crypto and blockchain world! 🚀🌕
- In February 2022, a 20 million USDC, 4-year loan was provided to Stratos, guaranteed with 11% annual interest.
- Stratos used $20 million as follows: $13 million to Threecolts, $5 million to REZI, $2 million to POKT.
- While Threecolts perform strongly, the value of REZI and POKT positions will drop to $0.
🔗 This was previously reported regarding a $5 million crypto loan debt by African motorcycle finance company Goldfinch. 🌍
Note: Stay tuned for developments in the crypto and blockchain world! 🚀🌕