|All Time High:|
|Market Cap: |
|The price of #TRU today is $0.049 USD.|
The lowest TRU price for this period was $0, the highest was $0.049, and the current live price for one TRU coin is $0.04880.
The all-time high TRU coin price was $0.88.
Use our custom price calculator to see the hypothetical price of TRU with market cap of ETH or other crypto coins.
|The code for TrueFi crypto currency is #TRU. |
TrueFi is 2.2 years old.
|The current market capitalization for TrueFi is $46,912,231.|
TrueFi is ranked #348 out of all coins, by market cap (and other factors).
|There is a big volume of trading today on #TRU.|
Today's 24-hour trading volume across all exchanges for TrueFi is $8,713,936.
|The circulating supply of TRU is 961,357,626 coins, which is 66% of the total coin supply.|
|Note that there are multiple coins that share the code #TRU, and you can view them on our TRU disambiguation page.|
TrueFi Institutional Upgrade
Q4 2022: Standardizing TrueFi for institutional adoption. — In the 22 months since issuing the first uncollateralized on-chain loan in November 2020, TrueFi has originated nearly $2 billion in aggregate loan value, while paying out more than $34 million to lenders and approximately $3 million to token holders and the TrueFi treasury. TrueFi has been able to grow this lending book while maintaining a perfect repayment rate, even through DeFi’s recent credit crunch. In the last two months, the credit committee secured early repayment on TrueFi’s TPS Capital loan and successfully negotiated the first on-chain loan restructuring with Blockwater, which is now in active repayment. While defaults are an expected part of the credit industry, the committee continues to maintain regular conversations with all of TrueFi’s borrowers, is actively managing the health of the TrueFi lending book, and remains involved in originating new loans on the protocol. We are building on this momentum during the final quarter of 2022, in which TrueFi plans to bring the protocol’s lending products closer to feature parity with offerings found in traditional finance. With structured portfolios that can attract capital from a variety of risk profiles, new credit vaults that can be easily integrated by other protocols, and improved fee structures and utility for TRU, TrueFi is being designed to take new institutional inflows from traditional ...
Meet TrueFi’s Lending Products
Introducing TrueFi’s primary lending solutions: Permissionless Pools, Single Borrower Pools, Automated Lines of Credit (ALOCs), and Portfolios. — At its Web3 debut on November 2020, TrueFi completed DeFi’s first uncollateralized loan with funding from TrueFi’s permissionless pools in the form of a simple bullet loan. Since then, TrueFi’s full suite of lending solutions has grown to four distinct solutions, now serving over a dozen active and distinct lending opportunities. In this post, we’ll cover the four primary designs available to facilitate lending and borrowing on TrueFi today, and also explore upcoming products and upgrades we expect will help TrueFi break further into the +$8 trillion global credit market. — Read on for an introduction to TrueFi’s primary lending products:. — DAO Pools, Single Borrower Pools, Automated Lines of Credit (ALOCs), Portfolios, Want to see our lending products in action? Head over to TrueFi now to explore the full array of crypto-native and real world lending opportunities available on our protocol.Interested in becoming a borrower or bringing your lending book on-chain as a portfolio manager? Apply to get started today. — 🪣 DAO Pools - DAO Pools aggregate lender capital in a permissionless fashion, then allocate it towards the most creditworthy, DAO-approved crypto-native borrowers such as Alameda, Wintermute, and Nibbio. Borrowers go through ri...
Truly Optimistic: Our Free NFT Drop, Celebrating TrueFi’s launch on Optimism
Powered by Project Galaxy, this drop is open to all users who join the TrueFi DAO Community.. — In summary:Free NFT Drop: TrueFi is dropping a free Optimism NFT in celebration of our launch on Optimism Network, with the support of Project Galaxy. Visit our campaign here.How to Qualify: Users will need to join the TrueFi Discord, follow and engage on Twitter, and submit their ETH wallet info — then verify each of these credentials here — to be whitelisted to mint.Benefits: TrueFi NFT ownership ties into real-world and virtual benefits, such as attendance to TrueFi-affiliated events, swag drops, special Discord perks, and more to come.When: The drop period will run for 45 days, starting July 27th, 2022, until September 10th, 2022, though credentials may be earned right now. TrueFi is proud to be DeFi’s leading capital market for crypto-native and real world credit, now with over $1.6 billion in originations and no declared defaults. Since DeFi’s first uncollateralized loan in November 2020, both the TrueFi protocol and its community have grown and developed dramatically.New to TrueFi? Glad you’re here.Get a brief intro here or dive into our updated litepaper. Even with these milestones, it’s our most recent protocol update we think is cause for celebration: the launch of TrueFi on Optimism Network, bringing crypto-native and real world credit to a whole DeFi ecosystem. As a thank you to our growing...
TrueFi powers WOO X’s institutional services through decentralized loans to verified clients
The DeFi credit protocol launches its first non-stablecoin portfolio, with loans managed by WOO X San Francisco, California, January 2022 — TrustToken, the core team responsible for building the leading unsecured lending protocol TrueFi unveils its collaboration with WOO X, a zero-fee digital asset trading platform incubated by Kronos Research, the leading digital asset quant company and market maker. WOO X will use TrueFi to support its institutional services by issuing loans to its clients through the protocol. The amount of value locked into the smart contracts powering decentralized finance (DeFi) services soared in 2021, and despite some fluctuations in the first months of 2021, the ecosystem is still very much in the green year-on-year. While lending has emerged as one of the most lucrative DeFi applications for both retail and institutional clients, decentralized lending protocols still largely have to rely on over-collateralization to avoid risks, which makes the service capital-inefficient. With its total of more than $1 billion loans originated in 2021, TrueFi ups the DeFi lending game by enabling loans to verified institutional borrowers through its lending protocol. WOO X will rely on TrueFi as the lending protocol of choice for uncollateralized loans to its institutional clients in its native WOO token, making it TrueFi’s first non-stablecoin portfolio. WOO DAO, a decentralized autonomous organization wor...
TrueFi Capital Markets Arrive on Optimism L2
TrueFi is Optimism’s first credit protocol, broadening access, decreasing transaction costs, and improving speeds for lenders and borrowers. In this post, learn how to use TrueFi on L2.. — TrueFi is now live on Optimism, bringing real-world, unsecured financial opportunities to L2 for the first time. TrueFi was born on, and hit its first $1b in originations, on Ethereum. As the protocol built traction, we saw three things:L2 solutions were also growing robust DeFi communities, with faster speeds and lower fees than EthereumThese L2s were home to a growing demand for capital from borrowersTrueFi’s transaction costs on Ethereum were preventing lenders with holdings below a certain size from participating in lending After considering many Layer 1 and Layer 2 solutions, we’re proud to share TrueFi’s official launch on Optimism (see our coverage and official announcement), bringing the unsecured lending ecosystem to new users.The launch on Optimism offers the TrueFi community a faster, cheaper user experience, making for even more capital-effective lending and borrowing, and opens access to a broader lender base — all directly on top of the Ethereum ecosystem.Mock TrueFi UI as it expands to offer more Optimism portfolios alongside today’s Ethereum-based opportunitiesA Brief History of TrueFi TrueFi originated DeFi’s first ever collateral-free loan in November 2020 — and over the next 18 months, ...
From Idea to On-Chain: Journey of a TrueFi Gov Proposal
As TrueFi becomes increasingly owned and managed by its community, learn to drive changes to the protocol by following this guide. — TrueFi has always been shaped by its community, and following the unanimous Snapshot vote to launch on-chain voting, is now officially in the hands of stkTRU holders and one step closer to becoming a publicly owned & operated financial utility for global lending. Now, with a formal governance process that removes the TrustToken team as an intermediary to protocol design decisions, the stage is set for the community to drive its shared vision for TrueFi through discussion, consensus-building, and working group contributions — all supported by a foundation and board acting for the best interest of TrueFi users. In this blog, you’ll learn the mechanics for joining TrueFi as a contributor and participating in governance motions both on and off-chain. By the end of the post, we hope you’re confident in taking an idea all the way to a Tally vote — but for any questions not answered here, or to find proposals ready for your contributions, join our Discord. https://medium.com/media/eadd478830c421c882356caf805befc4/hrefIn Summary: On-Chain Governance On-chain governance moves the control of the TrueFi protocol away from the centralized business entity of its founding team and into the hands of stkTRU holders. This is accomplished by using public and token-gated discussion pai...
TrueFi DAO, Step 2: Announcing the TrueFi Foundation
Step 2 of 3: Supporting TrueFi’s on-chain governance with the launch of an off-chain foundation representing TRU holders. — Since announcing TrueFi’s path towardwards decentralization, TrustToken’s TrueFi contributors have designed and deployed the protocol’s on-chain governance and time lock contracts with unanimous approval from TRU holders. A number of proposals transferring key components of the protocol are underway and being composed at the time of this post. These motions are being discussed in Discord, proposed on the TrueFi forum, signaled on Snapshot, and now, brought to a final binding on-chain vote using stkTRU on Teller. At the same time, the TrueFi Discord is growing into the operating hub of the TrueFi DAO, where verified stkTRU holders can not only discuss ideas for governance, treasury, or tokenomics initiatives, but join committees of fellow token holders to turn these ideas into action. Simultaneously, TrueFi has continued the journey of decentralizing its off-chain assets and permissions with the launch of a foundation representing the interests of the community.Introducing the TrueFi Foundation: the legal entity serving the interests of the TrueFi DAO, representing community members, and managing the off-chain assets and obligations of TrueFi.The TrueFi Foundation From inception, TrueFi has been designed to become the definitive protocol for global lending. By combining the superior infr...
TrueFi launches on Optimism, expanding on-chain credit access for DeFi borrowers
The leading unsecured on-chain lending protocol enters the Ethereum Layer 2, joining its bustling +$600 million ecosystem with low gas fees and high throughput. — San Francisco, California, April 2022 — TrustToken, core contributors to the leading unsecured lending protocol TrueFi, announces the protocol’s launch on Optimism, a leading optimistic rollup Layer 2 scaling solution for Ethereum. The launch will grant the TrueFi lender community a faster, cheaper user experience and broaden access to TrueFi to an even wider class of retail lenders while keeping the protocol integrated to the larger Ethereum ecosystem. Ethereum, with the market cap of its native Ether coin second only to that of Bitcoin, is the leader in the decentralized finance (DeFi) space as it pioneered smart contracts, the decentralized applications powering DeFi services. As popular as the network and its $600 billion ecosystem is among developers, it is not without its tradeoffs. Ethereum’s throughput stands at about 30 transactions per second, and the network is notorious for its high gas fees, which accumulated losses for users on every transaction, often making the cost of using protocols like TrueFi prohibitive to retail users. Optimism is a Layer 2 blockchain that solves Ethereum’s scaling dilemma while maintaining Ethereum’s strong security guarantees. By launching on Optimism, TrueFi grants its users near-instant transactions and l...
Postmortem: tfUSDC Price Irregularity
Review of TrueFi’s DAO Pools token pricing methodology that exposed tfToken holders to limited arbitrage risk. — In summary: On April 27th, 2022, a member of the APWine team reported a drop in the price of tfUSDC, the LP token of TrueFi’s USDC DAO portfolio. After some internal investigation, we determined that this was due to an issue in the way these portfolios interpolate loan value. No principal funds were at risk of loss, although the price reporting discrepancy resulted in a potential arbitrage opportunity centered around loan repayments which could have affected tfToken (tfUSDC, tfTUSD, tfUSDT, tfBUSD) holders. At this time, this arbitrage opportunity has been closed with an interim fix. After extensive review, a plan involving a contract upgrade is in the works. This post will be updated once this mitigation is live. A necessary pause to protocol fees will mean TRU stakers will not enjoy tfUSDC rewards for loan repayments until a final fix agreed on by the community, developed, audited, and deployed. There is no interruption to TRU incentives for stakers, however, currently +20% APY.In Simple Terms: Irregularities in tfToken Price Calculator tfTokens represent a lender’s claim to the principal and interest in TrueFi’s DAO portfolios, which lend the USDC, USDT, TUSD, and BUSD stablecoins to reputable crypto funds. Using USDC as an example, when a USDC loan goes out, the value of tfUSDC increases gradua...
The TrueFi DAO: Launch of On-Chain Governance
TrueFi DAO, Step 1: Launch of On-Chain Governance & Call for Delegates — Step 1 of 3: Proposing TrueFi’s Next Step towards Full Decentralization. — TrueFi’s goal is to build a publicly owned & operated financial utility for global lending. As open-source unsecured lending infrastructure with +$1.4B in loans originated, +$1.1B in repayments, and zero defaults, TrueFi is well on its way. To become a trillion-dollar open-source protocol, it’s essential that TrueFi can support every kind of lending, including meeting institutional and individual requirements for products that can be successfully launched and operated even if TrustToken ceased operations. These updates are expected to make TrueFi’s composable lending infrastructure more robust and resilient, as well as fully move control of the protocol into the hands of its users.To accomplish that, TrueFi’s priority is furthering the protocol’s journey through progressive decentralization. Today, we introduce the first of three proposals designed to make TrueFi among the most robust community-run protocols in DeFi, while introducing a few design choices that will allow the protocol to safely grow at the fastest possible rate, in alignment with the best interest of the protocol’s users and token holders. — In Summary:. — The proposal detailed here will be discussed and voted on via TrueFi’s current governance flow.Full decentraliz...
More TrueFi (#TRU) News
|TrueFi Issues First Default to Crypto Investment Firm Blockwater on BUSD...
Decentralized finance (DeFi) lending protocol TrueFi issued a 'notice of default' to Blockwater Technologies on October 6th for failing to make a scheduled payment of more than $3.4 million loan in BUSD.
The crypto market rout in Q2 and the resultant ongoing stress have unraveled several digital-asset lenders and exchanges. The liquidity crisis spurred the bankruptcies of $10 billion crypto hedge fund Three Arrows Capital (3AC) and crypto lenders Celsius and Voyager Digital. It also led to the unwinding of DeFi. Blockwater's default appears to be the latest instance in the digital asset industry's insolvency crisis.
Blockwater Defaults on DeFi Loan
In a statement, TrueFi stated that its credit group led an exhaustive out-of-court workout with the principals of the South Korean blockchain investment firm, including a loan amendment to increase the borrowing rate and extend maturity. However, they agreed that a potential court-supervised administrative proceeding would lead to a better outcome for stakeholders, given the 'complexity around the sudden insolvency.'
So far, Blockwater has reportedly made 8 payments adding up to over $645k towards loan repayment. The company still has to pay the remaining $2.9 million in debt.
'The Blockwater default does not affect lenders in TrueFi’s USDC, TUSD, USDT stablecoin lending pools, nor any of TrueFi’s capital market portfolios.'
TrueFi asserted that it is in active discussion with Blockwater and its advisors. The credit gro...
|DeFi protocol TrueFi launches first non-stablecoin portfolio, with loans...
TrustToken, the stablecoin platform and creator of unsecured lending protocol TrueFi, today announced a new collaboration with WOO X, a zero-fee digital asset trading platform incubated by Kronos Research, a crypto asset quant company, and market maker.
WOO X will use TrueFi to support its institutional services by issuing loans to its clients through the protocol.
TrueFi will be WOO X's lending protocol of choice for uncollateralized loans to its institutional clients in its native WOO token. Moreover, this creates TrueFi's first non-stablecoin portfolio.
WOO DAO, a decentralized autonomous organization working to foster the growth of the WOO Network, will provide the tokens for the loans, with all yields returning to the WOO DAO.
Financial institutions trading on the WOO X platform have been verified through KYC measures, and the loan principal will only be released into their WOO X wallets. Due to TrueFi's protocol technology, this type of transparency will show WOO token holders where DAO funds are moving.
'Uncollateralized on-chain lending is the most capital-efficient credit a financial institution can get. Our first non-stablecoin portfolios are further testimony for how versatile TrueFi lending can be, supporting any digital assets at all-Bitcoin, Ether, and other top coins are also very much a possibility.'
- Rafael Cosman, CEO of TrustToken
This uncollateralized lending program follows an update of WOO X's staking program, which now allows clients to stake 600,000 W...
|Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Bor...
The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi's single-borrower pool. The pool will be initially capped at $100 million over the first year and Blockchain.com aims to use the funds to bolster its own 'liquidity pools, leverage trading support, and book of lending services.'Blockchain.com Leverages Truefi's Single Borrower Pool
The leading digital asset services and exchange company Blockchain.com has announced it has secured $100 million in liquidity from the uncollateralized borrowing and lending platform Truefi. Essentially, the decentralized finance (defi) platform Truefi leverages on-chain credit scores in order to facilitate uncollateralized lending. The platform claims to offer competitive returns for lenders with 'no lockup period and deep exit liquidity.'
According to Truefi, the single-borrower pool will provide 'debt to Blockchain.com [that] will be available to all Know Your Customer-verified, non-U.S. lenders on the Truefi platform, offering them an expected APY of 8.50 percent, before incentives.' Truefi has already showcased the single borrower pool concept with Alameda Research and the team also helped Perpetual Protocol launch the first protocol-to-protocol lending pool.
Trusttoken CEO Expects More Financial Institutions to 'Bring Their Books of Business On-Chain'
Rafael Cosman, the CEO of Trusttoken explained in a statement sent to Bitcoin.com News that Truefi welcomes Blockchain.com into the fold, and...