The bigger issue is that his interest rate keeps exponentially increasing due to the high utilisation rate og the FRAX pool.<br><br>Interest on his debt was doubling every 12 hours, which could effectively wipe out his position unless he rapidly repays the debt.
The bigger issue is that his interest rate keeps exponentially increasing due to the high utilisation rate og the FRAX pool.

Interest on his debt was doubling every 12 hours, which could effectively wipe out his position unless he rapidly repays the debt.