Loan Digest

Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

MakerDAO has lent $1.84 million of DAI stablecoin to the tokenized credit pool under distress.

under distress, warned Friday that the $2.7 million pool’s largest borrower is facing liquidation due to a legal dispute.

“There is a significant risk of total or partial loss of funds related to the amounts owed to us by Hanhwa AUS Pty Ltd and Hanwha New Zealand Pty Ltd,” ConsolFreight said in the post. Because of an intellectual property feud, the Australian Supreme Court appointed a liquidator to unwind the company’s activities, freezing all payments to debtors, the post explained.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Philly is offering loans for landlords to repair properties and maintain the city’s affordable housingPhilly landlords with 15 or fewer rental units can get forgivable and 0% interest loans to repair their properties if they cap rent increases through a new $9 million program.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »

Personal loan interest rates continue to edge up for all termsThe latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Source: FoxBusiness - 🏆 458. / 53 Read more »