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Maple report: Bad debts did not increase during the recent market crash, with capital inflows reaching US$10 million "

On February 8, the decentralized credit agreement Maple reported that during the price collapse on February 2, no positions of platform users were liquidated, so no bad debts were generated. The report also stated that users deposited $10 million during this period to enhance margin, thereby avoiding liquidation incidents. On the same day, as the price of Ethereum briefly fell to a low of around $2000, major cryptocurrencies generally fell by 10% to 30%, and positions exceeding $10 billion were liquidated. The report emphasized that Maple's "blue chip" and "high-yield secured loan" products remained overcollateralized during the volatility, thanks to margin calls issued before collateral levels reached critical points. During the massive liquidation on February 2, the high-yield guaranteed pool attracted $2 million in inflows. Syrup's pool combines these two strategies to increase yields, but also faces more risks as a result. The pool issued margin calls on 35% of loans, resulting in new deposits of $5 million. Borrowers added $7.4 million in collateral and repaid $7.4 million in loans, increasing the stability of Maple's loan book. As of February 6, the average mortgage ratio for each pool was 165%. The report also noted that although the yield option in the DeFi agreement was withdrawn, its treasury still achieved double-digit annualized returns.

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