Bhutan's Sovereign Wealth Fund's Aave Lending Health Factor has dropped to 1.15
BlockBeats News, January 30th, on-chain information shows that the Bhutanese Sovereign Wealth Fund Druk Holdings' main wallet's loan-to-value ratio on Aave briefly dropped below 1.2, and is now reported at 1.22.
On January 19th to 20th, the Bhutanese Sovereign Wealth Fund's associated address leveraged long on ETH. As of the time of writing, the address holds a total of 116,560 stETH, with a unrealized loss of about 15% from its cost basis. This stETH is now all in Aave, with the main wallet holding 104,000 stETH, valued at approximately $2.84 billion, with a loan amount of 200 million USDT.
Furthermore, it is worth noting that the Bhutanese Kingdom's government address has just transferred 100.82 BTC to the QCP Capital address, worth around $8.31 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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