“Defaults are ordinary course in this asset class and critically important to refining risk parameters and pricing over time,” Roshan Dharia, head of lending at Archblock, a core TrueFi contributor which oversees borrower relationships on the protocol, told CoinDesk. “We have historically been heavily focused on borrower counterparty risk, asset composition and liquidity profile. These diligence items remain the highest priority as we face continued macro headwinds and a protracted bear market.”