Risk Mitigation
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Yes, please see TrueFi's technical audits .
TrueFi takes multiple measures to help protect lenders:
provides default protection for lenders and governs the
Borrowers on TrueFi follow a thorough Know Your Business (“KYB”) workflow and credit review which incorporates both on-chain and off-chain data, such as company background, repayment history, operating & trading history, assets under management, and credit metrics.
TrueFi handles bad debt via a smart contract.
TrueFi lenders can also purchase through Nexus Mutual to hedge risks when lending on TrueFi. Coverage is paid out at the discretion of mutual members but has covered technical exploits in the past.
This is not investment advice. Please Do Your Own Research.