Blockchain technology credit analysis service platform rwa.xyz statistics show that on the decentralized loan agreement centrifuge, about $5.8 million of overdue loans are in the two loan pools.

According to the centrifuge's loan dashboard, poor liabilities include transaction loans and their tax bills and trade receivables financing.

Centrifuge is led by a decentralized autonomous organization (DAO). As the loan market between lender and lender, centrifuge depends on blockchain application and decentralized financial industry (Defi). Asset promoters can convert their traditional non-data encrypted assets, such as pledged loans, tax bills or personal consumer credit, into irreplaceable dynamic password (NFT) and use it as collateral to complete financing from recognized investors to charge interest. The agreement has long grown into one of the largest real-world asset network lending platforms for distributed books, totaling about $130 million.

The centrifuge verified the poor debt in an email, but the contract meant that it did not participate in the discussion between investors and asset sponsors.

The outstanding loans in the centrifuge have been broken out in other debt-ridden loan agreements, after all, lending on the site should be separated from the turmoil in the password sales market.

Rival loan service platforms such as Maple and TrueFi mastered the losses on bad debts last year, the fundamental reason is that the online trading platform for data assets and market makers use this agreement to raise funds in digital currency, and there is no minimum collateral to provide financial support for their operations. The collapse of the login password industry in 2022 led to a number of high-profile victims, including derivatives Three Arrow Capital and FTX- buddies quantitative analysis shop Alameda Research, and several lenders failed and defaulted on loans.

The worst loan pool on the centrifuge provides financial support for 1754 Factory to cover debt encouraged by short-term capital deposits and to provide small loans to French users based on Bling Internet Finance applications. Statistics on Rwa.xyz show that 16 active loans worth about $5.1 million in the pool have already exceeded the repayment time limit, some of which are overdue for more than 150 days.

1754 told WJB that the company "is now carrying out offline settlement of assets and negotiating repayment with lenders." The company added that if the loan pool was to be eliminated, investors were likely to redeem it "in the near future".

Another three-party payment platform, Alternative Payments, is a pool of funds used to finance corporate tax bills and receivables, with about $650000 in prepaid loans of $6.4 million in outstanding loans. As of press time, Alternative did not respond to WJB's request for comment.

The centrifuge's in-car dashboard also shows that there are four loans worth $3.3 million, with overdue loans in the Reif pool, which finances commercial service mortgages. However, Reif Financial Investments, an investment management company dedicated to commercial real estate acquisitions, pointed out in an email that all loans could be used for an increase of 12 months, thereby reducing breach of contract. The company added that it had contacted centrifuges to upgrade the in-car dashboard.