Bhutan's Sovereign Wealth Fund's Loan Health Rate on Aave Has Fallen to 1.15

Odaily News On-chain data shows that the loan health rate of the main wallet of Bhutan's sovereign wealth fund, Druk Holdings, on Aave is currently reported at 1.15.

From January 19th to 20th, addresses associated with Bhutan's sovereign wealth fund leveraged long positions on ETH. As of the time of writing, these addresses collectively hold 116,560 stETH, with an unrealized loss of approximately 15% from their purchase cost. This stETH is currently all held in Aave, with the main wallet holding 104,000 stETH, now valued at approximately $284 million, and its loan limit is 200 million USDT. Additionally, the address of the Royal Government of Bhutan has just transferred 100.82 BTC to a QCP Capital address, worth approximately $8.31 million.