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MakerDAO’s Centrifuge Investment at Risk Due to Defaulted Loans!

August 25, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Creator: Mustafa Mulla Aug 25, 2023 19:52

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

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MakerDAO’s $1.84 million funding in blockchain-based credit score platform is in danger on account of a possible default on tokenized loans. The platform’s largest borrower is going through liquidation due to a authorized dispute, highlighting the dangers of investing in real-world property. This example follows MakerDAO halting its lending to Harbor Commerce, one other Centrifuge tokenized credit score pool supervisor, after $2.1 million of loans defaulted. Though Maker’s potential loss in Centrifuge shouldn’t destabilize DAI, its worth is supported by roughly $7 billion price of property.

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Tags: centrifugeDefaultedDueInvestmentLoansMakerDAOsRisk
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