TrueFi logo

TrueFi

TRU

4.5

Add a rating

Trade TrueFi today

Create a Coinbase account to buy and sell TrueFi on the most secure crypto exchange.

Market

Market stats

Market cap

$44.8M

Volume (24h)

$8.9M

Circulating supply

1.1B TRU

Typical hold time

18 days

Popularity

#145

All time high

$1.04

Price change (1h)

-0.24%

Price change (24h)

+11.64%

Price change (7d)

+26.27%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

TrueFi is on the rise this week.

The price of TrueFi has risen by 26.27% in the past 7 days. The price increased by 11.64% in the last 24 hours. In just the past hour, the price shrunk by 0.24%. The current price is $0.0420 per TRU. TrueFi is 95.97% below the all time high of $1.04.

The current circulating supply is 1,067,203,485.073 TRU.

About

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.

Resources

What Is TrueFi (TRU)?

TrueFi is a decentralized protocol that offers loans to users without collateral. The peer-to-peer mechanism does not rely on a third party for credit disbursement; instead, it assesses eligibility to draw loans through in-house credit scores.

Much of DeFi's success revolves around over-collateralized lending, where a user cannot withdraw their funds as some other user has borrowed assets but did not pay back to the lending protocol. Decentralized finance (DeFi) requires a transparent assessment of creditworthiness to sustain a lending platform. According to the litepaper, TrueFi's goal is to bring uncollateralized lending to DeFi. The platform wants cryptocurrency lenders to enjoy an attractive, sustainable rate of return while giving borrowers predictable loans that maximize their working capital. TrueFi aspires to create an automated, market-driven credit rating and lending protocol in the long term. The platform seeks to adopt the method of progressive decentralization. Simply put, progressive decentralization advocates easing into decentralization in stages rather than diving in headfirst. TrueFi intends to benefit its users with the following features on the platform:

  • Exit Anytime: Users can lend with no lock-in period since there is enough liquidity to exit a loan, thus giving users complete control over their assets. 

  • Competitive Returns: Users can benefit from robust returns in DeFi on many assets.

  • Default Protection: The loaned assets are assured by TrueFi's Secure Assets Funds for Users (SAFU) fund and the staking mechanism. Both offer good protection to lenders by preventing defaults.

  • Maximum Transparency: Users can track their funds loaned to TrueFi's borrowers on-chain and review regular attestations. 

  • Vetted Borrowers: TrueFi borrowers undergo a rigorous due diligence process, receive community approval, and sign a legally binding loan agreement.

  • By and For Users: TRU holders control the protocol, approve new borrowers, and have a say in important treasury and partnership decisions at TrueFi. 

TrueFi effortlessly weaves its stakeholders—lenders, borrowers, and stakers—into the fabric to ensure everyone benefits. The process is simple yet secure. Lenders contribute assets to the TrueFi loan pool that funds new loans and earn yield and TRU tokens in exchange. Borrowers (currently limited to institutions rather than retail borrowers) undergo a rigorous onboarding procedure that includes due diligence and approval from the TRU community. Once approved, borrowers submit a capital request subject to TRU community approval, with an interest rate and credit limit set by their credit score. TRU stakers are encouraged to vote carefully on new loans because their staked TRUs may be liquidated to protect lenders in the event of default. The borrower must return the loan principal and interest on or before the term expires. Delinquent borrowers will face legal action according to the loan's terms and conditions. 

TRU is the native governance token of the platform that allows users to earn staking rewards, govern the protocol, and assure TrueFi against misses. 

History of TrueFi (TRU)

TrustToken is the umbrella DeFi organization that launched TrueFi on November 21, 2020. Rafael Cosman is the cofounder and CEO at TrustToken. He is a machine learning specialist who has worked at Google and other companies in the past. TrueFi has progressed since its inception, with the introduction of the crypto-native credit model and two major updates (V2 & V3). In July 2021, the litepaper was revised to reflect new milestones and modifications in the design protocol.  

TRU tokens have a maximum supply of 1.44 billion. To gradually transfer control to users, 39% of TRU is assigned to an incentive pool for platform participants such as lenders, TRU stakers, and liquidity providers.  

How Are New TrueFi (TRU) Created? 

TRU holders can decide the future development of the TrueFi platform, including voting on loan eligibility. TRU stakers help to safeguard lenders against default, guide the development of the TrueFi protocol through on-chain governance, and vote on new borrowers and loans. In addition to TRU tokens, 10% of the yield created by the protocol's lending activity is handed out to TRU stakers. TRU liquidity is supported by liquidity providers, who can farm TRU by staking their LP tokens with TrueFi.

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to TrueFi in market cap.

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

FAQ

What is the current price of TrueFi?

We update our TrueFi to USD currency in real-time. Get the live price of TrueFi on Coinbase.

What is the market cap of TrueFi?

The current market cap of TrueFi is $44.77M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of TrueFi?

The all-time high of TrueFi is $1.04. This all-time high is highest price paid for TrueFi since it was launched.

What is the 24 hour trading volume of TrueFi?

Over the last 24 hours, the trading volume of TrueFi is $8.87M.

What other assets are similar to TrueFi?

Assets that have a similar market cap to TrueFi include Unifi Protocol DAO, Acala Token, Groestlcoin, and many others. To see a full list, see our comparable market cap assets.

How many TrueFi are there?

The current circulating supply of TrueFi is 1.1 billion.

What is the typical holding time of TrueFi?

The median time that Coinbase customers hold TrueFi before selling it or sending it to another account or address is 18 days.

What is the relative popularity of TrueFi?

TrueFi ranks 126 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Can I buy TrueFi on Coinbase?

Yes, TrueFi is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy TrueFi guide.