Rapid Insights: Auros’ Uncollateralized DeFi Loans
Quick Take
- Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.
- The fallout of FTX has caused an industry-wide credit crunch which has negatively impacted many market participants
- Auros, a digital asset market maker, has recently defaulted on one of its DeFi loans of $3M on Maple Finance
- The missed payment comes amidst rumors of Auros’ exposure to FTX, indicating the likelihood of Auros’ liquidity problems
- Auros’ DeFi positions also indicate the likelihood of undisclosed CeFi positions which may spell further trouble for the firm
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Author: Arnold Toh
