TrueFi
This is a decentralized finance, unsecured lending protocol developed by the TrustToken team. Lenders can borrow cryptocurrency at predictable lending rates without providing collateral, as with Aave, Compound, and Venus. In the long term,TrueFi aims to become a market-driven automated credit-rating and lending system. This will require breaking through rigid and conservative constraints, such as minimum and maximum APY as well as higher TRU participation coefficients. This will also require users to assume a higher degree of responsibility, particularly in approving new loan types and enabling new borrowers to join a lending system beyond the pre-approved whitelist.
Overview
This is a decentralized finance, unsecured lending protocol developed by the TrustToken team. Lenders can borrow cryptocurrency at predictable lending rates without providing collateral, as with Aave, Compound, and Venus. In the long term,TrueFi aims to become a market-driven automated credit-rating and lending system. This will require breaking through rigid and conservative constraints, such as minimum and maximum APY as well as higher TRU participation coefficients. This will also require users to assume a higher degree of responsibility, particularly in approving new loan types and enabling new borrowers to join a lending system beyond the pre-approved whitelist.
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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