What is TrueFi?
TrueFi is an uncollateralized lending protocol, governed by the TRU token.
TrueFi allows lenders to earn returns on loaned cryptocurrencies while having full transparency on how the loaned capital is allocated. Vetted borrowers, meanwhile, can use TrueFi for rapid access to fixed-term, fixed-rate cryptocurrency loans. In TrueFi's main lending pools, TRU holders collectively assess the creditworthiness of borrowers and individual loans by staking TRU.
More recently, TrueFi has launched the TrueFi Lending Marketplace which enables third party managers to launch their own lending pools ("Portfolios").
TrueFi was initially built by the TrustToken team, who previously developed TrueUSD (TUSD) and other top fiat-backed stablecoins. TrueFi is following a path towards progressive decentralization and will ultimately put the protocol in the hands of the community.
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