The MakerDAO community voted unanimously to stop providing loans to the Harbour Trade credit pool

ChainCatcher news, in a governance vote that ended on Thursday, the MakerDAO community unanimously agreed to stop providing additional loans to the distressed credit pool managed by the fintech company Harbour Trade. The MakerDAO governance post stated: "While Harbour Trade verbally committed to stopping additional withdrawals and voluntarily closing the vault, community members expressed concerns about the existing $7 million debt ceiling and the potential increased risk exposure of the vault."

It is reported that the Harbour Trade credit pool minted approximately $1.5 million in DAI stablecoins from MakerDAO and secured loans by providing collateral to a consumer electronics company. The borrowing company failed to repay a $2.1 million debt that was due in April.