Market maker Wintermute has paid off a $96 million USDT loan, paying back DeFi lender, TrueFi, a day before the debt hit its maturity date.
Crypto market maker, Wintermute, paid off a $96 million USDT loan a day before the debt hit point of maturity on decentralized finance lending platform, Truefi.
The loan repayment comes weeks after a hack resulted in a $160 million loss via the platform for Wintermute. Market making firm Wintermute paid off its loan on DeFi lender TrueFi, repaying $96 million USDT to the protocol. Wintermute’s liquidity position remains relatively unchanged and is still very strong, CEO Evgeny Gaevoy told The Block.. Wintermute originally borrowed from the DeFi lender in April, representing one of the largest loans taken out on TrueFi’s platform. CoinDesk first reported the news.in September.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Jeremy Nation is a Senior Reporter at The Block covering the greater blockchain ecosystem. Prior to joining The Block, Jeremy worked as a product content specialist at Bullish and Block.one. He also served as a reporter for ETHNews. Follow him on Twitter @ETH_Nation.
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