Description
TrueFi is a DeFi protocol on the Ethereum platform focused on uncollateralized lending, allowing users to earn high yields on stablecoin loans while providing borrowers access to capital without collateral. It utilizes blockchain technology to ensure transparent transactions, enhanced by on-chain credit assessments. TrueFi's $TRU token incentivizes participation and governance, featuring robust staking and governance mechanisms. The protocol, developed by TrustToken, aims to create an automated, market-driven credit system, differentiating itself from platforms like Aave and Compound by eliminating collateral requirements. With a current supply of approximately 1.2 billion TRU and a dynamic pricing influenced by trading volumes, TrueFi is actively traded in over 100 markets. It envisions moving beyond rigid APY constraints, thereby requiring greater user responsibility and supporting diverse loan types. For further information, visit [https://truefi.io/](https://truefi.io/).
TrueFi is a DeFi protocol on the Ethereum platform focused on uncollateralized lending, allowing users to earn high yields on stablecoin loans while providing borrowers access to capital without collateral. It utilizes blockchain technology to ensure transparent transactions, enhanced by on-chain credit assessments. TrueFi's $TRU token incentivizes participation and governance, featuring robust staking and governance mechanisms. The protocol, developed by TrustToken, aims to create an automated, market-driven credit system, differentiating itself from platforms like Aave and Compound by eliminating collateral requirements. With a current supply of approximately 1.2 billion TRU and a dynamic pricing influenced by trading volumes, TrueFi is actively traded in over 100 markets. It envisions moving beyond rigid APY constraints, thereby requiring greater user responsibility and supporting diverse loan types. For further information, visit [https://truefi.io/](https://truefi.io/).
