TrueFi Coin Price & Market Data
TrueFi price today is $0.487070 with a 24-hour trading volume of $14,320,078. TRU price is down -6.5% in the last 24 hours. It has a circulating supply of 430 Million TRU coins and a total supply of 1.44 Billion. If you are looking to buy or sell TrueFi, Binance is currently the most active exchange.
What is 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.
What is the TRU token?
TRU is the native token for the TrueFi protocol that is used for governance and staking.
What is the vision of the TrueFi protocol?
TrueFi’s goal is to become the ultimate protocol for uncollateralized lending. To get there, TrueFi must advance in four key ways:
- Expand the set of borrowers
- Expand the types of loans
- Improve the efficiency of the Credit Prediction Market
- Progressively decentralize, to put these types of decisions into the hands of TrueFi users