### What is TrueFi?

TrueFi is a decentralised lending protocol that offers uncollateralised lending services, allowing institutional-grade borrowers to secure loans without needing collateral. It operates under a decentralised autonomous organisation (DAO) model, where TRU token holders govern the protocol and manage key decisions.

### How does TrueFi work?

TrueFi is built on the Ethereum blockchain, employing a hybrid DAO model that uses a combination of on-chain and off-chain elements. It operates on a Proof of Stake (PoS) consensus mechanism for governance and decision-making. The platform utilises an on-chain credit-rating system, smart contracts for managing lending pools, and TRU staking pools, which are used for borrower onboarding, loan approval, and protocol governance.

### What are the potential use cases for TrueFi?

TrueFi's potential use cases include:

- Providing uncollateralised lending services for institutional investors.
- Offering liquidity provision for decentralised exchanges and automated market makers.
- Facilitating staking for governance and voting rights.
- Supporting lending pools for stablecoins and other assets.
- Delivering credit scoring and assessment for borrowers.

### What is the history of TrueFi?

TrueFi was launched by TrustToken on November 21, 2020, as the first uncollateralised DeFi lending platform. It was initially funded via SAFT token sales in 2018, raising over $31 million. The platform expanded to support multiple stablecoin assets by June 2021 and has formed partnerships with major institutions and data partners. TrueFi has also completed significant funding rounds and has progressively decentralised, allowing TRU holders to govern its future through on-chain voting.

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