Avalanche Ecosystem

Ethereum Ecosystem

Plume Ecosystem

TrueFi is a DeFi protocol for uncollateralized lending. To power the protocol the company has created the TRU token (TRU), used for staking and governance.The company behind TrueFi, TrustToken was co-founded by its current CEO Rafael Cosman in 2017. TrustToken was founded to modernize the financial system. Primarily by reducing transaction fees, speeding up international transactions, and increasing global access to financial services. It has created several crypto tokens to do this, this includes many stablecoins pegged to fiat currencies, for example, True USD (TUSD), pegged to the US Dollar.As part of its attempts at holistically modernizing the system, it has now ventured into uncollateralized lending with the launch of TrueFi. This represents the company’s specific goals of facilitating DeFi borrowing and lending by creating an accessible system with fixed terms and no collateral requirements. TrueFi is unique because the system has created the first-ever automated on-chain credit rating system. It aims to build on this and become the leading market-driven automated credit-rating and lending system.<h3>What are TRU key features and how does it work?</h3>By combining collateral-free lending with blockchain technology, TrustToken is hoping to maximize capital speed and efficiency for borrowers and increase capital returns for lenders of cryptocurrencies. To do so, the protocol simplifies the interactions between the three stakeholders; the lenders, borrowers, and stakers.Lenders provide the capital by adding stablecoins, e.g. TUSD into TrueFi capital pools. Borrowers (for example, OTC desks, exchanges, and other protocols) then request capital using smart contracts. These provide the requested loan’s details, for example how long it will be, interest rates, how much will be owed, and the Ethereum address that will receive the loan if a proposal is accepted. Lenders thus benefit from full transparency of how their capital will be used. To increase returns, any excess capital in TrueFi’s pools that is not actively loaned out may be used to provide liquidity in other stable, high-yield DeFi protocols (for example, Curve.fi).Whilst uncollateralized loans can be high-risk, TrueFi seeks to overcome this in various ways. Loan proposals are assessed using a Credit Prediction Market system, where TRU stakers, a decentralized network of people, assess the risks of the smart contracts and vote on the proposals, indicating the creditworthiness of a proposed loan. TRU stakers have direct interests in the loans as such they are incentivized to vote responsibly. Additionally, borrowers are firstly whitelisted using a thorough vetting and auditing process and all loans must also reach strict criteria set out by the protocol. Borrowers with accepted loans are expected to return the principal and interest on or before the agreed loan terms end. Borrowers who fail to repay could face legal action.Lenders are rewarded in different ways depending on what they stake. Lenders who put stablecoins e.g. True USD (TUSD) into the pool can reclaim this with interest. If a lender stakes Liquidity Provider tokens they can get bonus TRU tokens. As a holder of TRU tokens, they will be able to participate in the Credit Prediction Market system. Additionally, when a loan is successfully repaid all stakers that voted yes in the Credit Prediction Market get additional TRU tokens for participating and correctly predicting loan repayments.As well as a token used for staking, the TRU token is also a governance token where TRU token holders participate in protocol governance decisions.<h3>Where can you buy TrueFi?</h3>TRU is available to buy from the CEXs and DEXs as listed <a href="https://cryptorank.io/price/trusttoken/exchanges" rel="noopener noreferrer" target="_blank">here</a>. Popular options include Binance and Uniswap. The price of TRU will vary depending on the exchange and current market interest. For more detailed price information please refer to the price charts above.

Private Round

Team

Future Team

Incentives

Founders

TrueFi is a DeFi protocol for uncollateralized lending. To power the protocol the company has created the TRU token (TRU), used for staking and governance.The company behind TrueFi, TrustToken was co-founded by its current CEO Rafael Cosman in 2017. TrustToken was founded to modernize the financial system. Primarily by reducing transaction fees, speeding up international transactions, and increasing global access to financial services. It has created several crypto tokens to do this, this includes many stablecoins pegged to fiat currencies, for example, True USD (TUSD), pegged to the US Dollar.As part of its attempts at holistically modernizing the system, it has now ventured into uncollateralized lending with the launch of TrueFi. This represents the company’s specific goals of facilitating DeFi borrowing and lending by creating an accessible system with fixed terms and no collateral requirements. TrueFi is unique because the system has created the first-ever automated on-chain credit rating system. It aims to build on this and become the leading market-driven automated credit-rating and lending system.<h3>What are TRU key features and how does it work?</h3>By combining collateral-free lending with blockchain technology, TrustToken is hoping to maximize capital speed and efficiency for borrowers and increase capital returns for lenders of cryptocurrencies. To do so, the protocol simplifies the interactions between the three stakeholders; the lenders, borrowers, and stakers.Lenders provide the capital by adding stablecoins, e.g. TUSD into TrueFi capital pools. Borrowers (for example, OTC desks, exchanges, and other protocols) then request capital using smart contracts. These provide the requested loan’s details, for example how long it will be, interest rates, how much will be owed, and the Ethereum address that will receive the loan if a proposal is accepted. Lenders thus benefit from full transparency of how their capital will be used. To increase returns, any excess capital in TrueFi’s pools that is not actively loaned out may be used to provide liquidity in other stable, high-yield DeFi protocols (for example, Curve.fi).Whilst uncollateralized loans can be high-risk, TrueFi seeks to overcome this in various ways. Loan proposals are assessed using a Credit Prediction Market system, where TRU stakers, a decentralized network of people, assess the risks of the smart contracts and vote on the proposals, indicating the creditworthiness of a proposed loan. TRU stakers have direct interests in the loans as such they are incentivized to vote responsibly. Additionally, borrowers are firstly whitelisted using a thorough vetting and auditing process and all loans must also reach strict criteria set out by the protocol. Borrowers with accepted loans are expected to return the principal and interest on or before the agreed loan terms end. Borrowers who fail to repay could face legal action.Lenders are rewarded in different ways depending on what they stake. Lenders who put stablecoins e.g. True USD (TUSD) into the pool can reclaim this with interest. If a lender stakes Liquidity Provider tokens they can get bonus TRU tokens. As a holder of TRU tokens, they will be able to participate in the Credit Prediction Market system. Additionally, when a loan is successfully repaid all stakers that voted yes in the Credit Prediction Market get additional TRU tokens for participating and correctly predicting loan repayments.As well as a token used for staking, the TRU token is also a governance token where TRU token holders participate in protocol governance decisions.

TrueFi

TrueFi is a DeFi protocol for uncollateralized lending powered by the TRU token.

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

You need to click on the button below and start the opened bot

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Payments are processed by Heleket. Use only the supported chains/tokens. CryptoRank cannot compensate for failed transactions made on an unsupported blockchain.

Advanced Tools and Ad-Free Experience for In-Depth Analysis

Payments are processed by Paddle. Use only the supported payment methods. CryptoRank cannot compensate for failed or incomplete transactions made outside of supported options.

Receive Comprehensive Analytics, Exclusive Research, and Guides

Payment confirmed

Add promocode

Total Due:

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Historical data tab for %name% in USD for download and research

TrueFiTRU

Historical Data for TrueFi