TrueFi
Undercollateralized Lending
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
TrueFi lenders can earn highly attractive interest rates for supplying liquidity to an institution's borrower pool.
What we like less
Only whitelisted institutions can borrow unsecured loans on the platform and there are limited default protection mechanisms in place. These institutions borrow without depositing any collateral, which leaves minimal protection for lenders in the event of default.
What it means for you
Offers you some of the highest yields on stablecoins across DeFi lending platforms, albeit with the added risk of no collateral backing.
Information
Exploit/Hacks
None
Info
Key Metrics
Risk Assessment
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Things to know about TrueFi