TrueFi (TRU)

TrueFi, the crypto

TrueFi (TRU) is a decentralized lending platform built on the Ethereum blockchain that allows users to lend and borrow funds without the need for traditional intermediaries. It is powered by a native cryptocurrency called TRU.

The point

The main point of TrueFi (TRU) is to provide a more transparent and reliable lending platform for individuals and institutions. TrueFi uses a combination of on-chain and off-chain processes to assess borrower risk and eliminate bad actors from the platform. This enables lenders to earn higher yields on their investments, while borrowers can access credit without the need for collateral.

The problem

TrueFi (TRU) tries to solve the problem of trust in traditional lending platforms. Many borrowers are denied access to credit because they lack adequate collateral or credit history, while lenders face high default rates and counterparty risk. TrueFi uses blockchain technology to create a more transparent and secure lending ecosystem, where borrowers and lenders can interact directly without intermediaries or unnecessary fees. This makes lending more efficient and accessible, while also reducing counterparty risk for all parties involved.