Bhutan's Sovereign Wealth Fund Aave Loan-to-Value Ratio Drops to 1.15

BlockBeats News, January 30th, on-chain information shows that the main wallet of Bhutan's Sovereign Wealth Fund Druk Holdings on Aave has a Loan-to-Value Ratio of 1.15.

On January 19th to 20th, an affiliated address of Bhutan's Sovereign Wealth Fund leveraged long on ETH. As of the time of writing, the address holds a total of 116,560 stETH, with an unrealized loss of about 15% from its purchase cost. This stETH is now all deposited in Aave, with the main wallet holding 104,000 stETH, valued at approximately $284 million, with a loan amount of 200 million USDT.

Furthermore, it is worth noting that the Bhutanese Royal Government address has just transferred 100.82 BTC to the QCP Capital address, worth around $8.31 million.