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BTC $79,163.78 -0.71%
ETH $2,494.34 +0.03%
BNB $740.74 -0.96%
XRP $1.40 -0.79%
SOL $104.00 -2.08%
TRX $0.3338 -0.39%
DOGE $0.0900 +1.03%
ADA $0.2209 +1.34%
BCH $260.45 +1.50%
LINK $12.95 +5.18%
HYPE $85.01 -3.63%
AAVE $132.37 -0.66%
SUI $0.8200 +3.05%
XLM $0.1910 +3.93%
ZEC $1,168.99 -3.14%

A certain FTX creditor tokenized a debt of approximately $31,000 and borrowed $7,500 against it

2023-06-25 10:34:31

ChainCatcher news, the on-chain bankruptcy claims liquidity platform Found recently stated that a certain FTX creditor (wagmiclaims.eth) tokenized a claim of $31,307.81 and used this tokenized claim as collateral to borrow $7,500 through the DeFi lending protocol Arcade.xyz. This operation resulted in an approximate recovery rate of 24% for the FTX creditor. (source link)

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