The crypto market maker Auros will restructure the $18 million debt on Maple Finance

2023-02-16 10:17:17
Collection

ChainCatcher news, cryptocurrency market maker Auros will restructure $18 million in debt on Maple Finance. As of December 20, Auros has approximately $18 million in outstanding loans, including 8,400 WETH (worth about $10.2 million at the time) in the M11 Credit - WETH pool and 7.5 million USDC in the M11 Credit Maple Pool USDC1.

M11 states that Auros has repaid 55% of its outstanding debt, and an additional 40% of the debt will be reissued at an annualized interest rate of 8.64% over three weekly flags with a 90-day cycle, with a maximum term of 9 months. The remaining debt will be extended at a zero interest rate for a term of 90 days. (Source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators