TrueFi lenders can earn highly attractive interest rates for supplying liquidity to an institution's borrower pool.
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.
Offers you some of the highest yields on stablecoins across DeFi lending platforms, albeit with the added risk of no collateral backing.