The current price of TrueFi is $0.05923, with a 24-hour trading volume of $ 246,408. TrueFi has experienced a -0.70% change in the past 24 hours, and its USD value has increased by +29.17% over the past 7 days. The circulating supply of TrueFi is 1.07B TRU and its current market cap stands at 35.57M USD, up --% in the past 24 hours. TrueFi ranks #243 in market capitalization.
We’re proud to introduce TrueFi, a protocol for uncollateralized lending, and TRU, the native token used for staking and voting on loan requests.
The goal of TrueFi is to bring uncollateralized lending to DeFi. This helps cryptocurrency lenders enjoy attractive, sustainable rates of return, while giving cryptocurrency borrowers predictable loan terms without requiring collateral.
Importantly, all lending and borrowing activity on TrueFi is fully transparent, allowing lenders to fully understand participating borrowers and flows of funds engaging with TrueFi.
add TrueUSD into a TrueFi pool to be used for lending, earning interest and farming TRU. Any unused capital is sent into the Curve protocol to maximize earnings.
Borrowers (like OTC desks, exchanges, and other protocols)
submit proposals to borrow capital from the pool. They submit the amount of capital they want, the % APY they’re offering, the term, and the Ethereum address that will receive the loan capital if the proposal is approved.
Borrowers borrow funds from the TrueFi Pool by submitting requests subject to approval by TRU Stakers vote on these proposals by staking their TRU on their choice of “Yes” or “No” for individual loans. Each vote exposes participating TRU holders to upside or downside based on if the loan ends up being successfully repaid, and so TRU Stakers are incentivized to vote carefully. In TrueFi V2 and V3, these decisions will be increasingly made by a credit model.
The Pool smart contract approves or rejects the loan based on the Pool’s risk parameters and Yes/No votes by TRU Stakers.
The Borrower must return the principal and interest on or before the term expires. Delinquent borrowers will face legal action pursuant to the loan agreement signed
How can I buy TrueFi (TRU)?
Buying TRU on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy TrueFi (TRU) for more information.
How much is 1 TrueFi (TRU) worth?
KuCoin provides real-time USD price updates for TrueFi (TRU). TrueFi price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time TRU to USD exchange rates.
What is the all-time high price of TrueFi (TRU)?
The all-time high price of TrueFi (TRU) is $0.87646. The current price of TRU is down 0.93% from its all-time high.
How much TrueFi (TRU) is there in circulation?
As of 11 28, 2023, there is currently 1.07B TRU in circulation. TRU has a maximum supply of 1.20B.
What is the market cap of TrueFi (TRU)?
The current market cap of TRU is $35.57M. It is calculated by multiplying the current supply of TRU by its real-time market price of $35.57M.
How do I store TrueFi (TRU)?
You can securely store your TrueFi in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your TRU include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
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