"Farming" TRU tokens
Lenders may have the opportunity to receive additional incentive TRU tokens on top of lending yields by "farming TRU". Read more below to
Portfolio name | TRU incentives program | TRU incentives daily rate (as of Aug 24 2022) | Snapshot voting link |
---|---|---|---|
4,000 TRU/day | |||
2,000 TRU/day | |||
END Capital | [TBD] |
Lenders do not need to take any additional actions to receive TRU rewards. For the portfolios listed above, a user who lends to the portfolio receives TRU rewards at the maturity of the portfolio.
Under the current TrueFi incentives framework, portfolios receive TRU incentives based upon the portfolio’s 7 day avg. total loan value outstanding ("TVO"), as follows:
Tier (TVO level) | Base TRU / day |
---|---|
$0-1M | 500 |
$1-5M | 2,000 |
$5-10M | 4,000 |
$10-25M | 7,500 |
$25M+ | 12,500 |
For a simple example of how TRU rewards work in this framework, consider a portfolio that contains $10M USDC in principal and currently has $7M in loans outstanding. Such a portfolio would receive 4,000 TRU/day in TRU rewards, distributed proportionally to lenders. A lender that has provided $1M, or 10% of the portfolio's principal, would accrue 400 TRU rewards each day.
Last modified 1mo ago