Aakash Gupta · 1 min read · Product Strategy
Week 2: Voyager Bankruptcy, RWA proposals on MakerDAO, AAVE's new stablecoin
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Week 2 update centers on Voyager Digital filing for Chapter 11 as the 3AC fallout lingers, with Genesis and Blockchain.com exposed to Voyager’s debt. The bankruptcy plan aims to resume customer account access pending court approval, illustrating ongoing creditor and user risk in crypto lending. The report also highlights RWA proposals on MakerDAO and AAVE’s new stablecoin as part of evolving DeFi developments.
Key Takeaways
- Voyager Digital files Chapter 11, continuing the fallout from 3AC and signaling ongoing risk for customers and creditors in crypto lending.
- Genesis and Blockchain.com are revealed as lenders with exposure to Voyager, underscoring broader ripple effects across crypto financing.
- The proposed bankruptcy plan seeks to restore customer access once the court approves the reorganization.
- RWA (real-world asset) proposals on MakerDAO and AAVE’s new stablecoin point to continued experimentation with asset types and stable value in DeFi.
Excerpt
1. The 3AC fallout continues, with Voyager digital filing for Chapter 11 Bankruptcy, plus both Genesis and Blockhain.com also announce loan exposure Voyager Digital filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court. The proposed plan hopes to resume customer account access and upon court approval, customers will r… Read more