The breathless decline in the crypto money market and the explosion of unexpected giant projects like a balloon made financial projects working in this field difficult. Celsius Network, Babel Finance, 3AC are having problems on the liquidity side. Now Voyager Digital is next.
Voyager Digital takes action
Voyager Digital , one of the brokers of the crypto money market, made a debt agreement with Alameda Research in order to protect the assets of its current customers. As part of the deal, 15,000 BTC was borrowed with a mix of $200 million in cash and USDC.
Voyager Digital does not want to experience liquidity problems like other projects in the market that is in decline. In this respect, he will only use these assets when there is a problem. Borrowed assets will run 5 percent interest until the end of 2024.
The subject that raises doubt is Alameda Research. It is feared that Voyager Digital, which has signed a trust agreement with Alameda Research, which is shown as the biggest factor in the depreciation of Waves and Celsius networks, will suffer a similar fate. Voyager Digital is currently traded on Canadian stock exchanges.
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