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.
DOGE To Get Forked By EthereumFair (ETHF)
Dogecoin News: EthereumFair (ETHF), a recent fork of the Ethereum blockchain that works on the Proof-of-Work consensus, claimed that it...
