It is a DeFi uncollateralized lending protocol developed by the TrustToken team. Lenders can borrow cryptocurrencies with predictable loan rates without the need to pledge collaterals like Aave, Compound, and Venus. In the long term, TrueFi aims to become a market-driven, automated credit rating and lending system. This will demand building beyond the rigid, conservative constraints such as minimum/maximum APY and high TRU participation factor. It will also require increased levels of responsibility from users, especially for onboarding new borrowers beyond the pre-approved whitelist and approving new loan types.
TrueFi Price $0.484731
Market Cap Rank Rank #266
Market Cap $211,867,392
24h High $0.533328
24h Low $0.479518
Circulating Supply 434,130,030
Total Supply 1,441,129,427
Max Supply 1,441,129,427
Trading Volume $14,868,768
All-Time High $1.02
TrueFi/Bitcoin Ratio 1.00 BTC = 100,908.17 TRU
Last Update 2021-09-24 07:22:00