TrueFi TRU price:

$0.033341 (+0.48%)
1h-0.58%
24h+0.48%
Week-6.93%
Month-18.51%
Year-82.01%
ETH 0.000013 (-0.13%)
BTC 0.00000032 (+0.47%)
$0.032823 24h Range $0.033846

TrueFi (TRU) Metrics

Basic info
Website
Source code
Asset type
Contract Address
Explorers
Market Cap Rank 612
$42,039,809.00 BTC 398.00
All Time High
$0.242626 10 Jun 24 % to ATH (626.97%)
Volume (24h) Rank 618
$3,265,111.66 BTC 30.93
Circulating Supply
1,260,898,673 Total:1,283,173,672 Max: 1,230,328,859

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About TrueFi

TrueFi stands out in the decentralized finance landscape as a protocol focused on uncollateralized lending. Breaking away from the traditional DeFi model that often requires over-collateralization, TrueFi aims to bring institutional-grade credit to the blockchain. It achieves this by implementing a comprehensive credit scoring mechanism for borrowers, which involves on-chain and off-chain data analysis, ensuring responsible lending practices within a transparent and immutable ledger. The project's core innovation lies in its ability to enable lenders to earn sustainable yields on their assets by providing loans to vetted institutions and promising crypto-native firms without demanding excessive collateral.

The TrueFi ecosystem is powered by the TRU token, which plays a pivotal role in governance, staking, and incentivizing participation. TRU holders possess the power to vote on key protocol parameters, including new loan approvals, interest rates, and the overall strategic direction of the platform. This decentralized governance structure ensures that the protocol evolves in a manner that reflects the collective interests of its community. Furthermore, TRU can be staked by lenders to participate in the protocol’s credit assessment and default protection mechanisms. Stakers earn rewards while contributing to the security and integrity of the lending pools, aligning their incentives with the success of the loans.

TrueFi seeks to bridge the gap between traditional finance and decentralized finance by addressing the need for efficient, capital-light lending solutions. Its focus on verifiable credit and the ability to onboard real-world assets into its framework positions it as a potential cornerstone for institutional adoption of DeFi. The protocol supports various stablecoins as lending assets, offering flexibility for liquidity providers. By fostering an environment of trust and transparency through on-chain credit, TrueFi is paving the way for a more mature and accessible decentralized credit market. Its commitment to regulatory compliance and robust risk management frameworks further enhances its appeal to a broader spectrum of participants, from individual lenders seeking yield to large financial institutions exploring blockchain-based credit. The continuous development and expansion of its offerings demonstrate TrueFi's ambition to redefine credit in the digital age, making uncollateralized lending a viable and trusted component of the global financial system.

TrueFi [TRU] is a token based on Ethereum blockchain. The most actual price for one TrueFi [TRU] is $0.033341. TrueFi is listed on 22 exchanges with a sum of 37 active markets. The 24h volume of [TRU] is $3 265 112, while the TrueFi market cap is $42 039 809 which ranks it as #612 of all cryptocurrencies. You can find more information about TrueFi [TRU] on truefi.io

TRU Markets

# Exchange Pair Volume (24h) Price Volume (%) Category Fee Type Updated
1 $1 650 374.30$0.03333650.570000%DerivativesPercentage2 minutes ago
2 $398 528.55$0.03323612.210000%SpotPercentage2 minutes ago
3 $389 608.95$0.03323611.940000%SpotPercentage2 minutes ago
4 $122 337.07$0.0334463.750000%SpotPercentage2 minutes ago
5 $116 885.16$0.0332363.580000%SpotPercentage2 minutes ago
Show more markets...

News All News

TrueFi Basics

Development status Working product
Org. Structure Decentralized
Hardware wallet Yes
Started 22 November 2020
over 4 years ago
Website
WalletCoins Mobile App
Source code
Asset typeToken
Contract Address
Explorers (1)
Tags
  • Ethereum (ETH) Token (ERC-20) (12287)
  • DeFi (439)
  • Yield Farming (67)
  • Lending (25)
  • Real World Assets (RWA) (190)

Frequently Asked Questions

Frequently Asked Questions

Get more info about TrueFi Cryptocurrency
  • How to buy TrueFi? How can I buy the TrueFi coin? TrueFi stock how to buy? How to get TrueFi?

    To find out where you can buy currency TrueFi see the list of available exchanges.

  • Where to trade TrueFi?

    Click here to see the list of available exchanges for TrueFi.

  • TrueFi stands out in the decentralized finance landscape as a protocol focused on uncollateralized lending. Breaking away from the traditional DeFi model that often requires over-collateralization, TrueFi aims to bring institutional-grade credit to the blockchain. It achieves this by implementing a comprehensive credit scoring mechanism for borrowers, which involves on-chain and off-chain data analysis, ensuring responsible lending practices within a transparent and immutable ledger. The project's core innovation lies in its ability to enable lenders to earn sustainable yields on their assets by providing loans to vetted institutions and promising crypto-native firms without demanding excessive collateral. The TrueFi ecosystem is powered by the TRU token, which plays a pivotal role in governance, staking, and incentivizing participation. TRU holders possess the power to vote on key protocol parameters, including new loan approvals, interest rates, and the overall strategic direction of the platform. This decentralized governance structure ensures that the protocol evolves in a manner that reflects the collective interests of its community. Furthermore, TRU can be staked by lenders to participate in the protocol’s credit assessment and default protection mechanisms. Stakers earn rewards while contributing to the security and integrity of the lending pools, aligning their incentives with the success of the loans. TrueFi seeks to bridge the gap between traditional finance and decentralized finance by addressing the need for efficient, capital-light lending solutions. Its focus on verifiable credit and the ability to onboard real-world assets into its framework positions it as a potential cornerstone for institutional adoption of DeFi. The protocol supports various stablecoins as lending assets, offering flexibility for liquidity providers. By fostering an environment of trust and transparency through on-chain credit, TrueFi is paving the way for a more mature and accessible decentralized credit market. Its commitment to regulatory compliance and robust risk management frameworks further enhances its appeal to a broader spectrum of participants, from individual lenders seeking yield to large financial institutions exploring blockchain-based credit. The continuous development and expansion of its offerings demonstrate TrueFi's ambition to redefine credit in the digital age, making uncollateralized lending a viable and trusted component of the global financial system.

  • TrueFi is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain. Examples of Tokens: Chainlink, OmiseGo, 0x.

  • What is the TrueFi coin cap?

    Circulating supply of this TrueFi is 1260898673. Total supply of this coin/token is 1283173672. Max supply is 1230328859.

  • What is the value of TrueFi coin?

    1 TrueFi is worth $0.033341.

  • To get price and historical data for TrueFi coin, use API ID: tru-truefi for endpoints at http://api.coinpaprika.com.

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