This morning during the Ethereum dip, the Loan-to-Value ratio on Bhutan's Sovereign Wealth Fund Aave fell to below 1.2

BlockBeats News, January 26, with this morning's Ethereum briefly dropping below $2,800, the Druk Holdings sovereign wealth fund main wallet's loan-to-value ratio on Aave briefly fell below 1.2 and is now reported at 1.22.

On January 19th to 20th, the Druk Holdings sovereign wealth fund associated address leveraged long on ETH. As of the time of writing, their address holds a total of 116,560 stETH, with the position currently at around a 10% unrealized loss from the entry price. This stETH position is now all in Aave, with the main wallet holding 104,000 stETH and borrowing 200 million USDT.