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This morning, during Ethereum's decline, the loan health rate of Bhutan's sovereign wealth fund Aave dropped below 1.2.
BlockBeats News, January 26 — Following this morning’s brief drop below $2800 for Ethereum, the main wallet of the Bhutan Sovereign Wealth Fund Druk Holdings experienced a temporary decline in loan health rate on Aave to below 1.2, currently at 1.22.
From January 19 to 20, the Bhutan Sovereign Wealth Fund’s related address leveraged long ETH. As of press time, this address holds a total of 116,560 stETH, approximately 10% below its purchase cost. All of this stETH is now stored in Aave, with the main wallet holding 104,000 stETH and a loan of 200 million USDT.