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Amber Group and other institutions have been flagged by Clearpool due to exhausted credit limits

2022-11-09 10:57:59
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ChainCatcher news, according to CoinDesk, as the market grows increasingly concerned that the liquidity issues of crypto trading firm Alameda Research may spread to crypto lenders, several institutional crypto capital firms have reached the maximum capacity of their credit pools on Clearpool (an unsecured lending protocol).

Amber Group, Auros, and LedgerPrime have each received "warning" labels on their permissionless pools on Polygon on Clearpool, as they have reached 99% of the maximum credit limit available on the protocol. Folkvang and Nibbio have also received "warning" status on their permissionless pools on Ethereum. Clearpool's loan dashboard shows that the total debt for these loans amounts to $14.8 million. (CoinDesk)

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