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  <title>Rafael Cosman (TrustToken) on Uncollateralized On-Chain Lending (EP.200)</title>
  <description>Rafael Cosman, cofounder and CEO of TrustToken, joins the show to talk stablecoins and TrueFi, their non-fully collateralized lending protocol. In this episode:&amp;amp;nbsp;  TrustToken's various stablecoins that they administer The real-time stablecoin attestations TrustToken has done with Armanino How a real time attestation works Why the USD is so disproportionate in market share among stablecoins Why DeFi is potentially the killer app for stablecoins today Why Trust Token built a global fx currency basket Why overcollateralized lending doesn't necessarily constitute lending in the traditional sense How TrueFi introduces uncollateralized lending into DeFi How underwriting and credit creation works in a public blockchain context How legal contracts are introduced into DeFi Howo the TrueFi system incorporates revisions in creditworthiness How on-chain credit scores could proliferate and be used on a cross-platform basis How privacy is compatible with on-chain credit scoring Rafael's explanation for structurally high interest rates in DeFi The contrast between crypto yields and legacy yields  </description>
  <author_name>On The Brink with Castle Island</author_name>
  <author_url>https://castleisland.libsyn.com/website</author_url>
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