- Unsecured loan risks:Relying solely on reputation may lead to high default rates if risks are not properly assessed.
- Dependence on marketing: The project’s success requires strengthening its market presence, which they seem to be working on improving.
- Competition: There are many DeFi projects offering similar solutions, making it essential for TrueFi to stand out with its strategies and products.
- If the team manages to overcome marketing challenges, enhance transparency and accountability, and ensure effective risk management, the project can achieve significant success. However, investors and the community should monitor the implementation of promised plans before making substantial commitments.
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Thank you for your feedback @fndy.
This post, and any substantiated claims made by the community, will be taken into serious consideration when drafting the report we are currently working on.
Feel free to refer to this post for additional details: Growth and Operational Updates from the TrueFi Foundation
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