The plot between Binance and FTX went through two flips overnight, from controversy to acquisition to regulatory uncertainty, and the entire market rose briefly and then fell sharply. BNB rushed to 398 USDT last night and then fell to 326 USDT; FTT rose to 21 USDT after yesterday’s day’s decline, before tumbling to 6.1 USDT, down 71% in 24H. As a result of the event, BTC fell from 20,700 USDT to 18,466 USDT, and ETH also fell from 1,579 USDT to 1,325 USDT. Other FTX-linked tokens and altcoins have all seen declines of about 10%-20%. As a result, the problems (and the impact) that FTX is facing today may be even more serious than expected.
At present, on the debt problem of FTX and Alameda Research, which everyone is more concerned about, RWA.xyz analyzed the debt situation of the latter in the DeFi field through data analysis, and Odaily Planet Daily compiled and sorted it out.
First, there was a $7.28 million loan from the TrueFiDAO pool, which successfully paid interest a week ago, but the principal will mature in 50 days.
Optimistically, Alameda still has $4.76 million in idle money. Unfortunately, savers seem to be withdrawing their funds before they can default on repayments.
The $5.5 million loan was lent by Alameda from ClearpoolFi pool 2 on September 15, 2016 by Apollo and Compound. Due to Clearpool’s mechanism design, Alameda does not pay interest and does not have a set maturity date.
MapleFinanc provides them with a pool of nearly $300 million in loans, but there are currently no active loans.
Below are the Maple pools, managed by Ortho Credit and M11 Credit, and although Alameda has more than $100 million in loans in the past, it has no outstanding loans.
Alameda also borrowed more than 20 million MIM tokens with more than $50 million worth of FTT. This could just be one of countless similar positions in the DeFi lending market that can have small losses due to their overcollateralized nature.
Back during the bankruptcy of Three Arrows Capital, lenders like Genesis publicly filed claims against 3AC. Switching to the DeFi world, we can see more precisely what the risk exposure is.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/this-article-takes-a-look-at-the-defi-debt-crisis-that-alameda-is-currently-facing/
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