Before collapsing in November 2022, Alameda had about $800 million to $850 million of outstanding loans from BlockFi, Prince said, and $650 million remained after Alameda’s demise. Alameda even posted additional collateral in the form of FTT as well as Robinhood and shares of a Grayscale trust, Prince recalled.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...