ANNOUNCEMENT! We're excited to share that The Block Pro, a portfolio of research, news and data products in one easy-to-use platform, launches later this month. Reach out to your account manager for more information about products and subscription options.
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
Footnotes
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.
