TrueFi (TRU) price, marketcap, chart, and fundamentals info Complete set of TRU cryptocurrencies
TrueFi (TRU) price, marketcap, chart, and fundamentals info
TRU is a DeFi protocol that assists lenders with good lending rates and borrowers without collateral.
TrueFi allows borrowers to go through censorship and request TUSD (TrueUSD) loans. TRU Stakers will evaluate the creditworthiness of the borrower’s loans through voting “Yes” or “No”. Finally, TUSD lenders not only earn attractive returns on the stablecoin they lend, but can also farm TRU.
TrueFi (TRU) Highlights
The lender (or liquidity provider) will add TUSD to the pools to lend, receive interest and can be used to farm TRU. Unused portion of TUSD (without borrowers) will be sent via CURVE protocol (CRV) to maximize profits
Borrowers will send their loan needs to the pools with the interest rate and loan term as desired. Instead of through a third party or the lender, all TRU Staker will have the right to approve the loan agreement or not by voting “Yes” or “No”. This shows that in addition to the lender’s loan approval, there must be a voting right of TRU Staker.
And of course it wasn’t the Staker who kept voting “Yes” or “No”. As a result of whether the borrower can repay principal and interest ahead of time, TRU Stakers who vote correctly will be rewarded with a portion of TRU from those who voted incorrectly.
TrueFi Token Information (TRU)
Key Metrics TRU
Token Name: TRU Token
Token Standard: ERC-20
Token Type: Governance.
Total Supply: 1,445,821,477 TRU
Circulating Supply: 143,913,643 TRU
Incentive Distribution: 39%
Private Sale: 28.5%
Team and Management: 18.5%
Future Team: 4.5%
Token Use Case
Governance: This allows users to participate in the administration of the protocol
Staking reward: TRU is used to pay TRU Stakers reward for voting for loans if the results are correct.
How to earn and own TRU Token
Users can earn TRU by participating in liquidity offers, staking TRU, farming TRU or buying from TRU-enabled exchanges.
TRU Token exchange
TRU is currently tradable on Uniswap, MXC, FTX, Binance (Innovation Zone),…
Fore More Infomation:
Launch app: https://app.truefi.io/dashboard