Overview of TrueFi

  • TrueFi does uncollateralized lending so you don’t have to put up any collateral and people can actually borrow directly from the protocol and of course that means the protocol has to be very careful about whom it gives loans to and Trust Token holders get to vote on which borrowers they want to borrow from the platform.
  • TrueFi was developed by TrustToken, the same team that launched and grew TUSD and four other leading stablecoins into asset-backed tokens trusted by many, attested live on-chain and now moving billions of dollars in monthly volume across +100 trading partners and 112 countries.
  • TrueFi loans are made to vetted, institutional-grade borrowers like Alameda Research, Poloniex, and Wintermute Trading, who once approved, get access to fast, fixed-rate cryptocurrency loans with no collateral requirements.
  • TrueFi has one of the best stable rates in all of DeFi – 11.2% APY and if you farm you can can get even more while Compound offers lower rates, for example 2.9% on DAI and 3.6% on USDC.
  • TrueFi lenders who deposit TUSD into the lending pool will earn returns on all outstanding loans and may also farm TRU, with unallocated capital maximizing earnings via the Curve protocol.
  • TrueFi’s first borrowers are crypto-native trading firms and will gradually become a diverse set of companies and individuals, letting TrueFi act as a more general financing tool.
  • TrueFi can offer an interest rate that is at least as high as the highest stable rate available in DeFi today by depositing unused funds into existing defi protocols.
  • TrueFi also wants to allow liquidity on all loan and line of credit tokens, enabling other protocols to loan tokens and lines of credit as primary funding mechanisms.
  • TrueFi plans to add support for as many ERC20 tokens as possible, creating pools for tokens which include Wrapped Bitcoin (WBTC) and Wrapped Ether (WETH).
  • TrueFi price Index provides the latest TRU price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
  • Blockchain

    The goal of TrueFi is to become the most widely adopted and most trusted protocol for uncollateralized lending on blockchain.


    Institutional TrueFi borrowers have asked to introduce a line-of-credit option, a product the team wants to include in this phase.The TrueFi community still needs to determine the time frame of borrowers’ repayments and if the loan inDeFinitely compounds, but the proposal’s basics are already available to view.

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    How do I buy TrueFi?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including TrueFi.

    How does it work?

    While this is a really smart application of software, the underlying mechanisms behind it are actually fairly straightforward.SonarWorks has built up a large database of headphones and their frequency responses.By logging each dataset that details how each individual model of headphones perform exactly, the software can apply corrections at a super-fine level of control.This way, there’s very few (if any) errors along the range of frequencies.

    How easy is it to use TrueFi?

    So how does one lend on TrueFi? Fairly easily, thankfully.To begin, lenders deposit TUSD into the TrueFi lending pool, which is then put to work in loans to approved borrowers or pushed to the Curve pool, always maximizing returns for lenders.Lenders benefit from a competitive base APY paid out in TUSD and a serious boost from farmed TRU.Lenders can always see exactly how the capital in the lending pool is used, setting a new bar for transparency against centralized players like Nexo or Celsius.

    How has the company evolved during the pandemic?

    As the pandemic gripped the world and forced us all to stay indoors, the company became truly decentralized – physically and technically.

    How has the platform been performing?

    During the month of December, TrueFi’s first $5mm loan to Alameda Research was fully repaid by the firm.Following this, a total of four additional loans totaling $12mm were issued to borrowers including Grapefruit Trading, Alameda Research, and Invictus Capital.As of January 16, 2 of these loans, amounting to $7.5mm have been successfully cleared by Alameda Research ($6.5M) and Invictus Capital ($1M).

    How is stkTRU used?

    In TrueFi V2, when TRU is staked on TrueFi, stakers received stkTRU in return, which can be used to vote on individual loan proposals and participate in all TrueFi governance activity — all while the staked TRU continues to earn returns and affirm loans under lockup.

    How is tfTUSD Priced?

    Originally valued 1:1 against the deposit asset (1 TUSD = 1 tfTUSD) before any loans were processed by the TrueFi TUSD Lending Pool, the tfTUSD token’s implicit value grows with the yields generated by the lending pool.

    How is tfTUSD used?

    While it’s possible to buy and sell tfTUSD directly, the most common way of getting tfTUSD is by depositing TUSD into the TrueFi Lending Pool.

    How is TUSD it used?

    Lenders can lend their TUSD stablecoin to the TrueFi lending pools to earn an attractive return.

    How to buy TrueFi (TRU) on Binance?

    In order to buy TrueFi (TRU) on Binance, you first need to open an account.

    How to use TrueFi?

    Head over to TrueFi where you can deposit assets like TUSD and begin lending or submit a proposal to borrow funds.

    Merkeziyetsiz finans (DeFi) nedir?

    Merkezi olmayan (Decentralized) ve finans (Finance) kelimelerinin kisaltmasindan meydana gelen DeFi, herhangi bir merkeze ya da otoriteye ihtiyaç duymayan finansal yapiya denir.Temelde blockchain aglari üzerine insa edilmis olan DeFi, yeni nesil dijital para altyapilarinin olusturulmasi için en önemli gelismeler arasinda siralanir.

    Should you buy it?

    If you’re an audiophile that’s strongly considering buying more equipment to get the most out of your headphones, you may want to look at software like SonarWorks’ True-Fi first.I make the same recommendation for speakers.Where a DSP is useful to make the most of your speakers, equalization software like SonarWorks’ True-Fi is useful to make the most of your headphones.However, this is a very powerful tool at a fair price.

    So what exactly is TrueFi?

    In simplest terms, TrueFi is a specialized DeFi solution allowing vetted borrowers to request capital with no collateral requirements, while rewarding the lenders that pool their capital together to make these loans possible with competitive and stable returns.

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    What can we see from TrustToken in the future?

    Expect major developments from us across the product, community, and team alike.

    What coins are similar to TrueFi?

    The following coins use TrueFi’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Coin, Dai, Polygon, Chiliz and Holo.

    What does a flat frequency response sound like?

    If you’re not familiar with the benefits of a “flat” sound, it’s essentially the platonic ideal of what music equipment should offer.Meaning: in a perfect world, your headphones, amp, DAC, and whatever else you own shouldn’t alter the sound in any way from the original mix.Obviously, we don’t live in a perfect world, so as you can imagine there’s a lot of equipment out there that attempts to tailor its sound a bit to be more appealing to consumers.There’s nothing wrong with that, but there are some consequences for your sound.

    What does True-Fi do?

    In a nutshell, True-Fi takes your headphones, and alters the signal that reaches it so that what you hear is as uninfluenced by the equipment itself.Basically, the software controls for your equipment.

    What Exactly is Corrected?

    Digital systems now offer comprehensive options for sound correction.When it comes to the number of bands, there are almost no limitations.Sonarworks utilises so-called minimal phase FIR filters, which are certainly promising signs of success.

    What happens in the event of a loan default on TrueFi?

    All investments carry risk.The best investments typically offer the highest returns at the lowest possible, best understood risks.In the case of crypto investing, certain risks are common across every DeFi protocol, and others are unique to each platform.

    What hashing algorithm does TrueFi use?

    TrueFi is a coin that uses the ETH Token algorithm.

    What is the value of TrueFi?

    One TrueFi (TRU) is currently worth $0.43 on major cryptocurrency exchanges.You can also exchange one TrueFi for 0.00000802 bitcoin(s) on major exchanges.The value (or market capitalization) of all available TrueFi in U.S.dollars is $60.87 million.

    What is TrueFi and How Does TrueFi Work?

    In essence, TrueFi is an extensive DeFi ecosystem that enables vetted borrowers to request loans denominated in TUSD, without posting collateral.Not only that, it also allows TRU Stakers to assess the creditworthiness of any loans being issued by the platform.Using the system, TUSD lenders can earn attractive APYs on their stablecoins while also farming TRU, thus making TrueFi a truly unique innovation within this burgeoning space.

    What is TrueFi?

    TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers.TrueFi includes utility and rewards mechanisms using TrustTokens (TRU) and rewards participants for maintaining stable, high APRs.

    What is TrueFi?

    TrueFi is a decentralized protocol for uncollateralized on-chain lending.The aim is for TrueFi to become the ultimate market-driven, automated credit rating and lending system, freeing money to move wherever it creates the most value instantly.On TrueFi, lenders enjoy competitive rates and full transparency of how their assets are utilized.Meanwhile, borrowers get access to fast, fixed rate loans with no collateral requirements, all while building an on-chain credit history.The process of vetting borrowers for creditworthiness and approving new loans is in the hands of holders of TRU, the TrueFi platform token.TrueFi was developed by TrustToken, the same team that launched and grew TUSD and four other leading stablecoins into asset-backed tokens trusted by many, attested live on-chain and now moving billions of dollars in monthly volume across +100 trading partners and 112 countries.

    What is TrueFi?

    TrueFi is a DeFi protocol for uncollateralized lending, and TRU, the native token used for staking and voting on loan requests.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 loan terms without requiring collateral.

    What next for TrueFi?

    Though key elements of TrueFi are live today, the best is yet to come.

    Where can I get TrueFi wallet?

    TrueFi produces its own wallet software that is available for download on its website, which allows you to store TrueFi on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Where can you get TRU?

    TRU can be purchased on a number of centralized exchanges like Binance and FTX, as well at popular decentralized exchanges like Uniswap and Sushiswap.

    Where can you get TUSD?

    You can mint TUSD directly from TrustToken via a bank wire, which requires one to have a compatible bank and complete KYC verification.

    Where did we get the idea for TrueFI?

    Summarily: we’ve been deep in DeFi since the beginning, we reflected on our unique strengths as a CeFi-DeFi hybrid business, and moved to build the most valuable thing with those strengths we could possibly imagine.

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    History of TrueFi