The decentralised protocol is also adding USDC and USDT support, offering opportunities to lend and borrow, with starting incentives. TrueFi’s credit model represents a step towards crypto-native credit models, having successfully originated USD 100 million in unsecured loans with no defaults.
Replacing the usual DeFi requirement for posted collateral, TrueFi requires incoming borrowers to report details about company background, repayment history, operating and trading history, assets under management, and credit metrics like leverage and risk exposure.
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