Lending to DAO pools

How do I lend?

Users can lend to TrueFi DAO pools at https://app.truefi.io/lend.

Once a user is ready to lend, the user will need to complete two transactions:

1) approve(): User must approve the lending pool smart contract to transfer up to a certain allowance of the asset. Read more here.

2) lend(): User lends funds to the lending pool. In return, the lender receives lending pool tokens ("LP tokens").

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The lender can optionally stake their LP tokens to farm TRU rewards, which generate additional yield on top of underlying returns in the pool.

Why do I see two options after I click 'Lend'?

The TrueFi app helps to find lenders the best price when they lend to the pool.

Lenders can choose between (i) lending funds directly to the pool and minting LP tokens, or (ii) buying LP tokens on a secondary market (Uniswap).

In the example shown in the screenshot below, the UI shows that the user may be able to get a better price and incur lower gas costs by going directly to Uniswap to get tfUSDC.

TrueFi Lending Pool smart contracts

Pool	Address
tfTUSD	0x97cE06c3e3D027715b2d6C22e67D5096000072E5
tfUSDC	0xA991356d261fbaF194463aF6DF8f0464F8f1c742
tfUSDT	0x6002b1dcB26E7B1AA797A17551C6F487923299d7
tfBUSD	0x1Ed460D149D48FA7d91703bf4890F97220C09437
Legacy tfTUSD	0xa1e72267084192db7387c8cc1328fade470e4149