A $20 million lending pool on Goldfinch has problems, and about $7 million of funds are at risk of loss

深潮 TechFlow · 2023-10-10T00:53:17.000Z

Shenzhen TechFlow News, according to CoinDesk reports, there is a problem with a $20 million loan pool on the decentralized lending protocol Goldfinch, and approximately $7 million in funds are at risk of loss. The lending pool provided a 20 million USDC, four-year loan guaranteed at an annual interest rate of 11% to fintech credit fund Stratos in February 2022. Warbler Labs is the underwriter, and Stratos has invested in a real estate technology company and The investment in digital assets "did not live up to expectations," and Warbler Labs said it would cover all losses from investors in the lending pool.

According to TechFlow, CoinDesk reported that a $20 million lending pool on the decentralized lending protocol Goldfinch had problems, and about $7 million in funds were at risk of loss. The lending pool provided a four-year loan of 20 million USDC to the fintech credit fund Stratos in February 2022, and guaranteed it at an annual interest rate of 11%. Warbler Labs was the underwriter, and Stratos' investment in a real estate technology company and digital assets "did not meet expectations". Warbler Labs said it would compensate all losses of investors in the lending pool.