Index
Indicators
Information about TrueFi (TRU)
TrueFi is a DeFi protocol that supports lenders with reasonable lending rates and mortgage-free borrowers. TrueFi is a protocol that creates profitable pools of high interest for liquidity providers.
TrueFi includes utility and reward mechanisms using tokens (TRU) to reward participants for liquidity contributions, maintaining a high and stable APR. TrueFi’s goal is to be a transparent lending platform that allows lenders to profit from lending while offering loan terms that require no collateral. TrueFi was launched in November 2020 by TrustToken, a team consisting of experts in the fields of cryptocurrency and artificial intelligence as well as software engineers and computer scientists with many years of experience. Experience working at big technology companies such as Google, Pfizer, and IBM,…
TRU is a token that works in the TrueFi platform and is also a Governance Token. TRU holders have a say in electing trusted borrowers who can “credit” third parties. TRU is also used to reward participants who stake TRU when voting for loans if the results are correct.
News
According to Lookonchain’s data, a fresh wallet withdrew 14.43 million TRU ($2.45 million) from Binance 4 hours ago and staked it on TrueFi.
TRU trading volume is $ 76.63m. Market capitalization reaches $ 197.28m.
Decentralized finance (DeFi) lender TrueFi unveiled plans Monday to start a real-world-asset-based (RWA) lending platform called Trinity to boost utility for its tokenized U.S. Treasury offering.
Investors will be able to deposit TrueFi’s T-bill token to borrow the platform’s new TRI token. TRI holders will be able to stake the token to earn a yield from borrowing fees.
People also own