Goldfinch Lender, Warbler Labs, Faces Potential $7 Million Loss on $20 Million Loan

Warbler Labs, an underwriter for the decentralized lending platform Goldfinch, has disclosed a significant setback related to a $20 million loan, which could result in potential losses of $7 million. The loan, extended to fintech credit fund Stratos in February 2022, utilized USDC stablecoins and carried an annual interest rate of 11%. Of the total loan amount, $5 million was directed to REZI, an apartment rental-focused real estate tech company, which has stopped payments and is expected to declare the entire amount as a loss. Additionally, $2 million was allocated to POKT, a digital...

source: https://tokenpost.com/Goldfinch-Lending-Platform-Faces-Troubled-20-Million-Loan-Due-to-Poor-Investments-10799

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.

Published by: Book Club