TrueFi TRU
$0.11113 0.63%
Latest Updates
Updated at 20:44$124,369,494.51
#383
$5,458,153.12 18.01%
-$0.0007 0.63%
-$0.01842 16.58%
What about TrueFi?
TrueFi is a DeFi platform that connects lenders with unique earning opportunities presented by borrowers and expert portfolio managers. The project allows lenders to lend stablecoins to TrueFi’s various pools and portfolios to earn yield on DeFi and real-world opportunities. Borrowers and portfolio managers can submit proposals to generate yield on capital sourced on TrueFi for their own business operations.
TRU is the native token of the TrueFi platform, and it has various use cases. TRU holders can directly influence the future of the protocol through on-chain voting. TRU stakers can earn token incentives and a share of protocol revenue for providing lenders partial coverage against default. Borrowers can stake TRU to improve their borrowing limit or terms, making TrueFi an inclusive and accessible platform for all.
TrueFi's DAO Allocation Committee (DAC) is composed of expert contributors who review incoming borrower and portfolio manager loan requests for creditworthiness, set lending terms, and guarantee the health of TrueFi’s lending book. This ensures that the platform maintains a high level of transparency and accountability, protecting both lenders and borrowers.
Borrowers and portfolio managers on TrueFi must repay their principal and interest at the end of the loan term or face collections action. This ensures that the lending book remains healthy and sustainable, providing lenders with a reliable and secure opportunity to earn yield on their capital. Overall, TrueFi is an innovative DeFi platform that connects lenders and borrowers, creating a capital market for crypto-native and real-world credit.
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