Auros Global misses DeFi payment due to FTX contagion

Auros Global missed a 2,400 wETH DeFi loan instalment, triggering FTX contagion.

Auros has a "short-term liquidity concern due to FTX's insolvency," M11 Credit warned.

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Maple Finance has retweeted the M11 Credit thread, but Auros has not yet responded.

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Smart contracts include a 5-day grace period for late payments.

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Auros has until Dec. 5 to pay late before defaulting.

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If a borrower defaults, maple tokens and USDC staked on the platform may be liquidated to cover arrears to lenders.

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