Sure, uncollateralized lending is knowingly a higher-risk higher-reward space. So far they’ve had $57million in in successfully repaid loans and zero defaults, but obviously they can’t keep up that perfect streak forever, and it remains to be seen if the net yields still look great when some defaults inevitably occur.
Provided there’s no way for someone to effectively abuse the trust in the system.
Sure, uncollateralized lending is knowingly a higher-risk higher-reward space. So far they’ve had $57million in in successfully repaid loans and zero defaults, but obviously they can’t keep up that perfect streak forever, and it remains to be seen if the net yields still look great when some defaults inevitably occur.