TrueFi (TRU) is the ERC-20 native utility token of the TrueFi protocol, a decentralized finance (DeFi) platform for uncollateralized lending. TrueFi’s main features include:
Unsecured loans: TrueFi allows users to borrow without collateral, thereby improving the efficiency of capital use. Borrowers must pass a strict credit assessment and KYC procedure to ensure their ability to repay.
TRU token staking: Users can stake TRU tokens to earn rewards and participate in the governance of the protocol. Staked TRU tokens can be used to provide liquidity for loan projects and serve as a risk buffer in the event of borrower default.
Governance Mechanism: Users holding TRU tokens can participate in the governance decisions of the TrueFi protocol, including proposal voting and protocol parameter adjustments.
Fund pool management: TrueFi protocol provides multiple fund pools, and users can choose to invest in these pools to obtain different returns. For example, Adapt3r Treasury Bill Fund provides an annualized rate of return of 4-6%, while Kryptonim Line of Credit provides an annualized rate of return close to 15%.
TrueFi's current total locked value (TVL) exceeds $26.22 million, and the total loan issuance volume has reached $174 million. Last year, the price of the TRU token rose 8 times from its lowest point. Although there is still 10 times room to reach its historical high, it is still considered to have huge growth potential.
In general, TrueFi provides an efficient and innovative uncollateralized loan solution for the decentralized financial sector, and brings additional benefits and participation opportunities to users through the staking and governance mechanism of TRU tokens. 🚀🚀🚀🚀
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