14% APY sounds tempting, but a 70% unsecured consumer loan in Southeast Asia—this default risk is basically written on your face.

ME News message: On April 18 (UTC+8), Pharos Network recently launched an RWA treasury with a capacity of $50 million, with an expected gross APY of 14%. Of this, 70% is allocated to microloans for individuals in countries such as Thailand, the Philippines, and Indonesia. The official notice indicates that there may be a risk of default on unsecured consumer loans in developing countries. (Source: MLion)