TrueFi
It is a DeFi uncollateralized lending protocol developed by the TrustToken team. Lenders can borrow cryptocurrencies with predictable loan rates without the need to pledge collaterals like Aave, Compound, and Venus. In the long term, TrueFi aims to become a market-driven, automated credit rating and lending system. This will demand building beyond the rigid, conservative constraints such as minimum/maximum APY and high TRU participation factor. It will also require increased levels of responsibility from users, especially for onboarding new borrowers beyond the pre-approved whitelist and approving new loan types.
News
Data: Suspected DWF Labs address received 7.5 million TRU distributed by TrueFi project team.
We've now moved to an on-chain vote of $MRK holders to investigate the implementation of a #TrueFi D3M on @MakerDAO…
With a record breaking $127m+ in #TrueFi loans repaid over the weekend, we have now blasted past $25m in interest p…
RT @DeepDAO_io: @TrustToken's DAO is voting to commit $100M to fund efforts to attract a critical mass of qualified lenders to TrueFi. If a…
RT @cYanusTech: @TrustToken #truefi set bar high for #DeFi partying
TrueFi's next win/win: AMO to allocate @fraxfinance directly to our lending marketplace, generating yields for…