Together with the TrueFi project, get high returns on stablecoin loans and borrow capital without collateral.
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Description of the TrueFi platform
This is a DeFi unsecured lending protocol, powered by TRU. This allows lenders to receive high and stable profits from leveraged cryptocurrencies (starting with TUSD), while maintaining full transparency in the distribution of borrowed capital. In the meantime, verified borrowers can use TrueFi to access fixed-rate cryptocurrency fixed loans quickly.
While TrueFi was originally built by the TrustToken team, which previously developed the top five fiat-backed stablecoins, TrueFi is moving towards progressive decentralization and will hand the protocol over to the community.
| Lenders | Earn attractive APYs on their cryptocurrency by lending TUSD or USDC to TrueFi credit pools. Lenders can also grow TRU along with their yield. TrueFi credit pools are controlled by TrueTrading, a subsidiary of TrustToken, Inc. |
| TRU Staker | Acting as a risk management system for the protocol in exchange for TRU rewards and 100% of the commissions, generated by the protocol. They also signal the creditworthiness of each incoming loan request in the credit prediction market by voting YES or NO. |
| Verified borrowers | Requests loans, denominated in TUSD, using credit tokens. |
Lenders can lend their stablecoins (TUSD or USDC) to True Fi credit pools for attractive returns. The credit pools can lend out all of Lender's assets, pooled in this way, based on the predefined strategies of each credit pool. TRU members can stake their TRU tokens on the protocol. The TRU per protocol bet allows members to receive a portion of the fees, generated by the True Fi protocol. Members can also vote on individual loan requests to earn more TRU.
Social networks of the DeFi project
At the moment, White Paper and RoadMap are not available on the site. Instead, the developers provide an introductory document with answers to questions and other details of the project..
If you want to stay up to date with all innovations, subscribe to the community on these social networks:
- twitter;
- telegram;
- discord;
- facebook.