Symbol: TRU
Price: $0.10243600
Volume: $30,363,253
Market Cap: $118,369,936
Fully Diluted Value: 127,009,583
Short Term Beta: For Premium Users Only
Beta: For Premium Users Only
Futures Curve: For Premium Users Only
Total Supply: 1,241,947,376
Type: Crypto Token
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.