It is a DeFi uncollateralized lending protocol developed by the TrustToken team. In practice, lenders can borrow cryptocurrencies with predictable loan rates without the need to pledge collaterals like Aave, Compound, and Venus.
In the long term, TrueFi is built to become a market-driven, automated credit rating and lending system. In practice, this will demand building beyond the rigid, conservative constraints such as minimum/maximum APY and high TRU participation factor. Latest snapshot shows market cap near $15,039,890, 24h volume around $105,151,431, 24h change up 139.36%. DexBrief is currently monitoring a live market route on Ethereum via Uniswap. Live pricing and venue coverage on this page currently come from 3 public market feeds.
Public metadata currently describes TrueFi as a token with decentralized structure. Contract references point to Ethereum as the primary asset platform. Public reference history for this asset dates back to 2020-11-22. TrueFi's primary project footprint is tied to the Ethereum network. TrueFi is commonly screened under Decentralized Finance (DeFi), Yield Farming, and Lending/Borrowing Protocols. Tracked contract metadata currently maps across Ethereum.