TrueFi

Overview

TrueFi is a DeFi protocol built on Ethereum that aims to facilitate uncollateralized lending for institutional borrowers. The TRU token serves as the protocol's native token for governance and staking.

Purpose and Utility

The primary purpose of TRU is to serve as a governance token for the TrueFi protocol, allowing holders to vote on protocol changes and participate in risk assessment. Token holders can also stake TRU to earn rewards for participating in the protocol's risk assessment.

Business Model Analysis

TrueFi's core business model revolves around uncollateralized lending and borrowing, which fundamentally involves interest-based lending practices. The protocol generates revenue through lending fees and interest payments, which are distributed to participants.

Real-World Adoption

TrueFi has facilitated significant loan volume, primarily serving institutional borrowers. The protocol has partnerships with various crypto lending firms and has processed hundreds of millions in loans.

Development Activity

The project maintains active development, with regular updates to the protocol and governance mechanisms. The team continues to expand features and improve the lending infrastructure.