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TRU is an Ethereum token that powers TrueFi, a decentralized finance protocol for uncollateralized lending using on-chain credit scores. TRU can be used for staking (i.e. to approve or reject new loans) and governance on the TrueFi protocol.
TrueFi is a unique protocol that seeks to establish interest-bearing pools with competitive APRs for liquidity providers. It's a system that aims to make credit more accessible, transparent, and programmable by bringing debt infrastructure on-chain. The native token of the TrueFi protocol is TrustTokens (TRU), which serves multiple functions within the ecosystem. TRU holders have the ability to rate credit for third parties, contributing to the creation of a permissionless credit system that operates purely through incentives. Essentially, TrueFi intends to construct a new credit system where TRU owners have part ownership.
TrueFi operates by utilizing its native token, TRU, in a variety of ways. TRU holders have the ability to rate credit for third parties, which contributes to the creation of a permissionless credit system. This system operates purely through incentives, with TRU holders having a say over who is a credible borrower in the prediction market. The protocol also rewards participants for maintaining stable, competitive APRs. In this way, TrueFi seeks to create a transparent and efficient credit infrastructure within the crypto space.
TrueFi aims to serve borrowers and PMs across multiple verticals, including "real-world" use cases and crypto-focused institutions. By bringing debt infrastructure on-chain, it strives to make credit more accessible and programmable. TRU, the native token of TrueFi, governs the protocol and is used to approve new managers and borrowers. This means that TRU holders have a role in shaping the protocol's direction and growth. The protocol also offers diverse opportunities for liquidity providers by creating interest-bearing pools with competitive APRs.
TrueFi is a protocol that was developed with the intention of creating a more transparent and accessible credit system within the cryptocurrency space. It uses its native token, TRU, to reward participants and give them a say in the protocol's governance. Over time, TrueFi has sought to maintain stable, competitive APRs for liquidity providers, and has aimed to serve a diverse range of borrowers and PMs across multiple verticals. The protocol's focus on transparency is evident in its commitment to allowing users to track every dollar loaned to borrowers in real time.
TRU, the native token of the TrueFi protocol, plays a pivotal role in the risk assessment and approval process. TRU holders have the opportunity to stake their tokens to participate in TrueFi's governance, which includes voting to approve or reject loan applications. This implies that TRU stakers act as a risk management system for the protocol. In exchange for their participation, stakers may receive additional TRU and protocol incentives. However, they also face the possibility of a reduction in their staked TRU in the event of a loan default. This mechanism is intended to motivate TRU stakers to evaluate the creditworthiness of loan applicants, thereby aiming to contribute to the overall risk management of the TrueFi protocol.
TrueFi operates by creating credit pools that rely on three categories of stakeholders: participants, other participants, and asset coordinators. Participants allocate their cryptocurrency to a pool, which then becomes accessible for other participants. The eligibility of participants is evaluated by TRU token holders who stake their tokens to vote on transaction applications. This system seeks to emulate traditional finance credit systems, but within the blockchain space. Asset coordinators, who must be approved and reviewed before being listed on the TrueFi app, have access to global liquidity and can coordinate assets with efficiency and transparency. TrueFi's unique approach to decentralized transactions aims to enhance the utilization of participants' cryptocurrency and uphold a robust record of transaction facilitation in the sector.
TrueFi (TRU) seeks to offer a different perspective in the credit market, with a focus on transparency and reliability in its lending process. TrueFi's approach is centered on creating an infrastructure for lenders, borrowers, and portfolio managers in a transparent and decentralized manner. It allows token stakers to either approve or reject loan requests. TrueFi's on-chain lending enables assets to be monitored by any participant, including lenders and token holders, who can observe how loaned assets are collected and utilized. The protocol also strives to mitigate potential loss of funds for lenders as key participants in the ecosystem. TrueFi has processed numerous collateral-free loan requests, with token holders participating in the approval process, and has seen few instances of defaults.
TrueFi's structure allows the protocol to operate under the authority of its TRU token holders. The protocol's unique approach focuses on those who provide the cryptocurrency rather than those who receive it, which is a departure from traditional transactional services. TrueFi's uncollateralized transactions aim to enhance the efficiency of participants' cryptocurrency holdings and contribute to the industry's underwriting records. The protocol's advantages include flexible participation for stakers, competitive non-monetary incentives in decentralized finance, measures to mitigate transactional risks, and a comprehensive evaluation process for participants. It also provides TRU holders with the ability to participate in the approval of new participants and participate in decisions related to TrueFi's operational aspects and collaborations.
TrueFi (TRU) is a decentralized finance (DeFi) protocol that seeks to offer a different approach to the lending industry by facilitating uncollateralized loans. This approach allows borrowers to access loans without the need for collateral, which can be a barrier in traditional lending systems. TrueFi's system is designed to assess borrowers' creditworthiness using both on-chain and off-chain data, rather than relying solely on collateral. This approach aims to optimize the utilization of funds and potentially provide non-monetary benefits for borrowers. TrueFi's transparent and decentralized nature allows for the tracking of loaned assets, providing a layer of transparency for users. It's important to note that while TrueFi aims to facilitate these features, the actual outcomes may vary depending on market conditions and individual borrower circumstances.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
$142.1M
$7.6M
1.1B TRU
19 days
#349
$0.93
0%
-1.89%
+10.95%
+18.31%
+7.82%
+158.5%
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A selection of conversions for different assets and currencies.
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1INCH - PYG
1inch - Paraguayan Guaraní
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117 unique individuals are talking about TrueFi and it is ranked #1,204 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, TrueFi has an average sentiment score of 3.3 out of 5. Finally, TrueFi is becoming more newsworthy, with 0 news articles published about TrueFi. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about TrueFi. There were 82.61% of tweets with bullish sentiment compared to 8.7% of tweets with a bearish sentiment about TrueFi. 8.7% of tweets were neutral about TrueFi. These sentiments are based on 23 tweets.
On Reddit, TrueFi was mentioned in 51 Reddit posts and there were 84 comments about TrueFi. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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117 people
14 posts
0.01%
#1,204
3.3 out of 5
23 people
82.61%
Bullish
8.7%
Neutral
8.7%
Bearish
51
84
40
43
TRU/CAD (Canadian Dollar)
CA$0.17
TRU/GBP (British Pound)
£0.0986
TRU/JPY (Japanese Yen)
¥19.48
TRU/INR (Indian Rupee)
₹10.43
TRU/BRL (Real)
R$0.64
TRU/EUR (Euro)
€0.12
TRU/NGN (Nigerian Naira)
NGN 183.74
TRU/KRW (South Korean Won)
₩169.33
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The current price is $0.13 per TRU with a 24-hour trading volume of $7.57M. Currently, TrueFi is valued at 86.61% below its all time high of $0.93. This all-time high was the highest price paid for TrueFi since its launch.
The current circulating supply of TrueFi is 1,137,969,668.902 TRU which means that TrueFi has as total market cap of 1,137,969,668.902.
We update our TrueFi to USD currency in real-time. Get the live price of TrueFi on Coinbase.
The current market cap of TrueFi is $142.07M. A high market cap implies that the asset is highly valued by the market.
The all-time high of TrueFi is $0.93. This all-time high is highest price paid for TrueFi since it was launched.
Over the last 24 hours, the trading volume of TrueFi is $7.57M.
Assets that have a similar market cap to TrueFi include Meter Governance, MobileCoin, XCAD Network, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of TrueFi is 1.1 billion.
The median time that Coinbase customers hold TrueFi before selling it or sending it to another account or address is 19 days.
TrueFi ranks 130 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 56% of Coinbase users are buying TrueFi. In other words, 56% of Coinbase customers have increased their net position in TrueFi over the past 24 hours through trading.
Yes, TrueFi is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy TrueFi guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.