🚀🤣 A surprising event in the DeFi world! A $20 million tokenized loan in the loan pool on the Goldfinch platform has hit a dead end as Stratos underperformed than expected in its real estate technology company and digital asset investments. Warbler Labs announced that $7 million is at risk of loss. 😱
Stratos allocated $5 million of these funds to a real estate technology company called REZI, which focuses on apartment rentals in major US cities. REZI has suspended payments and is expected to reduce its position to zero. 🏙️💸
Another $2 million in funds were allocated to “digital asset investments,” of which Warbler Labs was not aware at the time of the investment. Stratos sold this position "at a near-full loss" and added loan collateral to cover the shortfall. 🤔💰
But don't worry! Warbler Labs has committed to covering all losses to investors in the pool. 🦸♂️🛡️
Let us know what you think about this interesting DeFi story by sharing your comments and thoughts in the comments section below! 🗨️👇
Stratos allocated $5 million of these funds to a real estate technology company called REZI, which focuses on apartment rentals in major US cities. REZI has suspended payments and is expected to reduce its position to zero. 🏙️💸
Another $2 million in funds were allocated to “digital asset investments,” of which Warbler Labs was not aware at the time of the investment. Stratos sold this position "at a near-full loss" and added loan collateral to cover the shortfall. 🤔💰
But don't worry! Warbler Labs has committed to covering all losses to investors in the pool. 🦸♂️🛡️
Let us know what you think about this interesting DeFi story by sharing your comments and thoughts in the comments section below! 🗨️👇