That is the second uncollateralized mortgage to default on TrueFi inside a month following Korea-based Blockwater’s failure to repay its $3 million debt on the platform. One other decentralized lending protocol, Maple Finance, confronted difficulties in June after Babel Finance, a crypto lending agency, grew to become bancrupt and defaulted on a $10 million mortgage. The default resulted in a $7.9 million loss to buyers. Maple determined to tighten its lending requirements, Bloomberg reported final month.
