TrueFiPrice

(TRU)

TrueFi is a decentralized finance (DeFi) protocol focused on uncollateralized lending. It enables vetted institutions and entities to access capital without requiring traditional crypto collateral. The protocol utilizes an on-chain credit-rating system that evaluates borrower creditworthiness using on-chain data, reputation, and community governance decisions. Lenders supply liquidity to pools to earn yield. This involves thorough credit checks for borrowers, with TRU token holders participating in loan application approvals.

TRU is the native governance and utility token for the TrueFi protocol, built on the Ethereum blockchain. Holders can stake TRU to participate in credit assessments, vote on loan approvals, and influence protocol parameters. This mechanism rewards participation and aligns incentives across lenders, borrowers, and the protocol. TRU is primarily utilized for staking to earn rewards and for governance, enabling holders to vote on crucial decisions, such as approving new managers and borrowers.

TrueFi addresses the critical need for uncollateralized lending within the DeFi ecosystem, which was largely absent in decentralized finance's early stages. Traditional DeFi often demands over-collateralization, inefficiently tying up substantial capital. TrueFi bridges this gap by facilitating loans based on established creditworthiness instead of excessive collateral, significantly enhancing capital efficiency for borrowers. Furthermore, it aims to reduce inefficiencies common in traditional finance, like slow credit checks, by migrating debt infrastructure onto the blockchain.

In the event of a default, 10% of the staked TRU tokens are utilized to protect lenders. Additionally, the TrueFi SAFU (Secure Asset Fund for Users) can deploy its reserve funds to provide further coverage to affected lenders. TrueFi mandates strict Know Your Customer (KYC) and Anti-Money Laundering (AML) transparency, along with legal contracts, from all borrowers. While borrowers can maintain some privacy, they must complete KYC/AML procedures, and their identity would be publicly disclosed should they default on their obligations.

TrueFi primarily supports leading stablecoins such as USDT, USDC, and TUSD within its lending pools. Initially focusing on crypto-native borrowers, the platform has expanded its scope to incorporate real-world applications. This includes providing financial opportunities in diverse sectors like fintech financing, lending for gig workers, and real estate investments, showcasing its versatility beyond pure crypto markets.

TRU tokens are widely available for trading on various platforms. Users can find TRU on centralized exchanges such as LBank. It is also available on decentralized exchanges (DEXs) like Uniswap and Sushiswap, providing diverse trading options. Furthermore, aggregators such as 1inch, Matcha, DefiLlama, and Paraswap can assist users in discovering optimal prices for TRU token swaps across different liquidity sources.