TechFlow reported, according to CoinDesk, that a $20 million lending pool on the decentralized lending protocol Goldfinch has run into issues, putting around $7 million at risk of loss. The lending pool issued a four-year $20 million USDC loan in February 2022 to fintech credit fund Stratos, secured at an annual interest rate of 11%. Warbler Labs acted as the underwriter. Warbler Labs stated that Stratos’ investments in a proptech company and digital assets "did not meet expectations," and Warbler Labs will cover all losses for investors in the affected lending pool.
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