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TrueFi

Sell Truefi (TRU)

$0.00000000AUD

+0.00 %

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Sell TrueFi

Balances = $0.00 AUD · 0.00000000 TRU

What is TrueFi?

TrueFi is DeFi’s first uncollateralised lending protocol. The platform enables lenders to earn high yields on stablecoin lending and borrow capital without collateral. This is done using decentralised lending pools where the TRU community votes to approve prospective borrowers. TRU is the native token of the TrueFi protocol and allows holders to have a say over which borrowers are credible. Holders of TRU tokens earn interest on the assets they stake in the lending pools and help govern the development of a permissionless credit system. Lenders are incentivised to implement a rigorous approval process for borrowers because the uncollateralised nature of the loans presents a high risk for the lenders.