TRU
No. 373Price
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- Introduction
- Feed
1. Project introduction
TrueFi is a protocol for uncollateralized lending, powered by the first ever on-chain credit scores and governed by holders of the TRU token.
The TureFi protocol is supported by three participants:
· The lender deposits assets such as stablecoins (such as TUSD) into the lending pool to obtain competitive returns (the TRU liquidity mining can be carried out while gaining income);
· The borrower (For example, OTC desks, exchanges and other protocol platforms) take out loans from the lending pool after credit review;
· The TRU stakers is responsible for approving the new borrower, and the TrueFi Pool smart Contract decides whether to approve the loan based on the risk parameters and the TRU stakers’ opinion. Borrowers who default will face lawsuits and damage their credit scores.
The goal of TrueFi is to bring uncollateralized lending to DeFi. This helps cryptocurrency lenders enjoy attractive, sustainable rates of return, while giving cryptocurrency borrowers predictable loans that maximize their working capital.
2. Team introduction
Co-founder & CEO: Rafael Cosman
Linkedin: https://www.linkedin.cn/incareer/in/rafaelcosman
COO: Alex de Lorraine
Linkedin: https://www.linkedin.cn/incareer/in/alexdelorraine
4. Application
Total Supply: 1,450,000,000
The value of TRU:
(1) Apply for loans;
(2) Voting;
(3) Staking.
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