About TrueFi (TRU)
TrueFi (TRU) is launching , the protocol for uncollateralized lending, powered by the TRU token. At launch on November 21st, will allow vetted borrowers to request loans denominated in TUSD, TRU Stokers to assess the creditworthiness of the loans, and TUSD lenders to earn attractive APY on their stable coins while also farming TRU. is actively following the path of progressive decentralization putting control in the hands of the community. While much of DeFi’s present success has been built on collateralized lending, uncollateralized lending is rightly seen as the next step for DeFi by those on its cutting edge. Uncollateralized lending provides an opportunity for lenders to earn long-term, competitive returns.
Restart Energy (MWAT ) Storage Key Points
|Coin Name||Restart Energy|
|Circulating Supply||500,000,000.00 MWAT|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Chat||Click Here To Visit|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
History: Why We’re Building TrueFi
At TrustToken’s inception in 2017, our team envisioned a future in which traditional assets would move to the blockchain, taking advantage of the speed, cost savings, and borderless nature of decentralized protocols. The thesis has played out in part: while global stable coins (like our own), commodities, and some financial assets are increasingly moving on-chain, most real-world assets like real estate have struggled to find the infrastructure and demand necessary for a robust marketplace
TrustToken Enters Uncollateralized Lending
We looked to traditional financial markets for a vehicle that yields high returns, at consistent and predictable rates with manageable risk profiles and landed on uncollateralized lending. Moving the uncollateralized lending market onto the blockchain opens up access to lenders of nearly any size and background.
After years of building in crypto, we’ve found the most interesting products act as bridges between traditional and decentralized finance. The TrustToken team has developed some unique strengths by developing and operating five top fiat-backed stablecoins serving over 100 countries, and with TrueFi, we’re bringing these to DeFi:
- A legal framework for enforcing action against delinquent loans compatible with DeFi, even without collateral;
- A longstanding, trusted reputation with retail and institutional users alike to bootstrap a base of high-quality borrowers and lenders, many who are TUSD users with a proven track record as borrowers and lenders; and
What TrueFi Is and How it Works
We’re proud to introduce TrueFi, a 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.
Importantly, all lending and borrowing activity on TrueFi is fully transparent, allowing lenders to fully understand participating borrowers and flows of funds engaging with TrueFi.
How TrueFi Functions Today
- Lenders (like you) add TrueUSD into a TrueFi pool to be used for lending, earning interest and farming TRU. Any unused capital is sent into the Curve protocol to maximize earnings.
- Borrowers (like OTC desks, exchanges, and other protocols) submit proposals to borrow capital from the pool. They submit the amount of capital they want, the % APY they’re offering, the term, and the Ethereum address that will receive the loan capital if the proposal is approved.
Who Benefits from TrueFi
Lenders add TUSD, and eventually other cryptocurrencies, to the TrueFi Pool for use in uncollateralized loans to approved Borrowers. They earn a high yield on their loaned TUSD. Lenders whose capital is loaned out on TrueFi will receive a tradable ERC20 Pool Token representing their claim to the principal and interest due on repayment of all loans to the Loan Pool. These tokens can have their own liquidity on Uniswap and other DEXs.
In the future, we expect multiple Pools may exist simultaneously (possibly with specific lending strategies, like lending just to exchanges). Lenders have full transparency into how their TUSD flows through to Borrowers, which eliminates the informational disparity found among more opaque, centralized lenders.