TrueFi

Launched in November 2020 on the Ethereum blockchain, TrueFi enables approved borrowers to access loans in tokens such as ftUSDT, ftUSDC, ftTUSD, and ftBUSD. Since its inception, the platform has originated over $2 billion in loans, with lenders earning over $40 million in interest income.

Unique Selling Points (USPs):

• Uncollateralized Lending: Unlike many DeFi platforms that require over-collateralization, TrueFi offers uncollateralized loans to approved borrowers, enhancing capital efficiency.
• Decentralized Credit Model: TRU token holders participate in assessing the creditworthiness of borrowers, fostering a decentralized credit system built on community incentives.
• Asset Vaults (AVs): These represent off-chain instruments using on-chain attestations, tailored for Real-World Asset (RWA) issuers and investors, facilitating the integration of real-world assets into the DeFi ecosystem.

Recent Milestones and Catalysts:

• Trinity Protocol Launch: In March 2024, TrueFi introduced the Trinity protocol on the Base blockchain. This protocol simplifies the process for users to obtain leverage and hedge risks through the TRI token, a dollar-pegged digital currency backed by collateralized assets. The beta version was launched on the Optimism Sepolia testnet, with plans to open to selected users after a rigorous audit.
• Exchange Listings: TrueFi announced its listing on the Kraken Protocol exchange, enhancing its visibility and accessibility.
  Additionally, in February 2024, TRU was listed on Cryptology, further expanding its market presence
• Adapt3r Digital Partnership: TrueFi partnered with Adapt3r Digital to launch a portfolio providing on-chain access to U.S. Treasury Bill yields, offering users exposure to stable, real-world assets.
  

These developments underscore TrueFi's commitment to innovation and its role in advancing the DeFi landscape.