December 5, 2022, 1:22PM EST
• 5 min read

Rapid Insights: Auros' Uncollateralized DeFi Loans

Quick Take

  • UPDATE: This piece has been updated on December 6, 2022, due to newly disclosed information and data
  • 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 and has gotten an extension of the repayment grace period from Maven 11 Credit
  • 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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