Introduction
TrueFi enables lenders to generate returns on loaned assets, while having transparency on how loaned capital is allocated. TrueFi connects lenders, borrowers, and portfolio managers via smart contract protocol governed by the TRU token.
Since the protocol's launch in November 2020, TrueFi has originated more than $1.7bn in loans to >30 borrowers and paid more than $40mm in interest to protocol participants. Borrowers include leading crypto-native institutions, as well as fintechs, credit funds, and traditional finance firms.
TrueFi was initially built by TrustToken, the team that previously developed TrueUSD (TUSD) and other transparent, fully collateralized stablecoins. TrueFi is following a path of progressive decentralization.
Last modified 3mo ago