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Lockbox is a smart contract based self-custody solution for permissioned and scalable crypto treasury management.
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CoreWeave Makes Significant Concessions for $2.6 Billion Financing, Oversubscribed 3x After Terms Improved
According to Yonhap News Agency, AI cloud computing company CoreWeave was forced to make significant concessions in a $2.6 billion loan project collateralized by compute supply contracts with Anthropic due to sluggish investor demand: raising the annual yield on the loan to 9.1% and adding a "Cash Flow Lockbox" protection clause to ensure revenue generated from Anthropic contracts is prioritized for debt repayment, a clause that will remain in effect until 50% of the loan principal is repaid or the server utilization rate falls below a specific level. Following the adjustment of terms, subscription demand reversed rapidly—buy orders received on the morning of July 30 totaled as high as $9 billion, exceeding the target financing amount by more than three times. A CoreWeave spokesperson expressed satisfaction with the financing results, describing the term revision as a "natural process of introducing innovative financial structures in a volatile market environment."
Aave: Final Batch of rsETH Transferred to LayerZero Lockbox, All Markets Operating Normally
Aave posted on X, stating that according to the recovery plan, the final batch of rsETH has been sent to the LayerZero lockbox.Aave also noted that rsETH and all Aave markets are currently operating normally.