Inquiry about Delt.ai's repayment situation

[Tru111]

Delt.ai’s refinancing loan is due on April 10th. Will Delt.ai repay on time? If they cannot repay, how will Truefi DAO compensate the lenders?

[SmartDefi]

@Ryan.Christensen

Here is a summary of the terms we have agreed on in principle at this time:

• New loan term of 180 days, from 01/10/23 to 07/09/23
• New loan interest rate of 14.75% in the first 90 days, and 17.5% in the second 90 days
• Delt.ai will pay owed interest on the current loan of $166,695, which we intend to airdrop proportionally to lenders via TrueTrading upon receipt of this payment
• Archblock may negotiate additional benefits, which if available will be passed proportionally to lenders
• We expect to sign a definitive agreement by 1/9/23, and will update the community should any material changes in this plan occur

[Proposal] Archblock Update re: TrueTrading Loan

TrueFi Community, I’m Ryan Christensen, CEO of Archblock. I’m posting to the TrueFi forum to share updates and perspectives on Archblock and TrueTrading activities related to the TrueFi lending book. Stating the obvious, the crypto lending market has been greatly impacted by the cascading, predominantly CeFi-driven defaults and bankruptcies in 2022. We’ve also seen substantial tightening in the broader lending market that impacts real world asset (“RWA”) opportunities that are core to our strat…