TrueFi
TrueFi Basic Information
Symbol: TRU
Price: $0.04592408
Volume: $19,508,565
Market Cap: $57,857,783
Fully Diluted Value: 58,837,419
Short Term Beta: For Premium Users Only
Beta: For Premium Users Only
Futures Curve: For Premium Users Only
Total Supply: 1,283,173,672
Type: Artificial Intelligence (AI), DePIN, Decentralized Finance (DeFi), Lending/Borrowing, Real World Assets (RWA), Yield Farming
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Learn more about 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.