Hi all,

We are going to make some interesting announcements early next week but before we want to share last quarter statistics.

In the 2nd quarter, we were forced to decrease the number of guaranteed loans because of the current situation caused by the coronavirus pandemic.

You probably noticed a minor rise of borrowers' defaults and it wasn't unexpected. Our lending partners decided to increase the requirements for borrowers and it negatively affected our revenue in the 2nd quarter.
The 2nd quarter’s total volume amount guaranteed by Suretly is 4,246,20RUB or ~ $59,520.60 USD according to the current USD/RUB rate and yes, that's less than usual.

Anyway, 0.2% of it will be spent on the purchase of SUR tokens, which will be burned next week.