This is the second uncollateralized loan to default on TrueFi within a month following Korea-based Blockwater’s failure to repay its $3 million debt on the platform. Another decentralized lending protocol, Maple Finance, faced difficulties in June after Babel Finance, a crypto lending firm, became insolvent and defaulted on a $10 million loan. The default resulted in a $7.9 million loss to investors. Maple decided to tighten its lending standards, Bloomberg reported last month.
Over $1-B In Open Curiosity Indicators Breakout
Cause to belief Strict editorial coverage that focuses on accuracy, relevance, and impartiality Created by trade consultants and meticulously reviewed...
