This proposal is being posted on behalf of Kryptonim on their explicit request

Kryptonim asks to be whitelisted by the TrueFi DAO as creator and borrower for Automated Lines of Credit on TrueFi using address: 0x05B609675bA7D79A2249675A4821d4184Eec4B35

Kryptonim is a fiat onramp provider that offers end-users the ability to effortlessly exchange fiat for cryptocurrency.

The need for capital results from the liquidity gap that Kryptonim encounters due to the t+3 settlement lag when users (or merchants’ customers) purchase stablecoins. The borrowed capital will serve as a financial bridge to manage this gap. By leveraging these funds, Kryptonim guarantees uninterrupted operations for users and sets the stage for consistent business expansion.

Kryptonim, in its strategic efforts to sustain growth and smooth operations, is actively seeking to secure a loan of 10 million USD. Lenders collaborating in this initiative will receive yield based on the curve defined by the Line of Credit parameters. Yield for lenders comes from users paying fees to use Kryptonim.

Read more: Kryptonim's forum post