The crypto market maker Auros will restructure the $18 million debt on Maple Finance

ChainCatcher news, cryptocurrency market maker Auros will restructure $18 million in debt on Maple Finance. As of December 20, Auros has approximately $18 million in outstanding loans, including 8,400 WETH (worth about $10.2 million at the time) in the M11 Credit - WETH pool and 7.5 million USDC in the M11 Credit Maple Pool USDC1.

M11 states that Auros has repaid 55% of its outstanding debt, and an additional 40% of the debt will be reissued at an annualized interest rate of 8.64% over three weekly flags with a 90-day cycle, with a maximum term of 9 months. The remaining debt will be extended at a zero interest rate for a term of 90 days. (Source link)