MakerDAO Community Votes to Halt Lending to the Tokenized Credit Pool on Centrifuge.
2023-07-20 16:53
Odaily News: In a governance vote concluded on Thursday, the MakerDAO community unanimously recommended to cease providing loans to the tokenized credit pool on the lending protocol Centrifuge. According to a MakerDAO governance post, "While Harbour Trade has verbally committed to stop further withdrawals and voluntarily close the vault, community members express concerns about the existing $7 million debt ceiling and the increased risk exposure to the vault." (CoinDesk) Previously, it was reported that approximately $5.8 million in loans were overdue in two lending pools of the decentralized lending protocol Centrifuge, including delinquent debts from consumer loans, invoices, and trade receivable financing. Harbor Trade Credit, launched by Harbor, a solution provider specializing in supply chain finance (SCF) and working capital turnover, leverages the Centrifuge protocol to initiate the tokenization of assets (HTC-DROP).
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