TrueFi is a DeFi credit agreement that promotes unsecured lending. It provides term, unsecured (unsecured) loans to vetted institutional borrowers. Loans are backed by an on-chain credit score.

TrueFi aims to bring unsecured lending to DeFi. This helps cryptocurrency lenders enjoy attractive, sustainable rates of return, while providing cryptocurrency borrowers with predictable loans that maximize their working capital.

While global stabilization coins (such as TUSD), commodities and some financial assets are increasingly moving up the chain, most real-world assets (such as real estate) have been struggling to find the infrastructure and demand needed for a robust market.

TrueFi turned to traditional financial markets for an instrument that could generate high returns, with consistent and predictable interest rates, a manageable risk profile, and access to unsecured loans. By moving the unsecured lending market to blockchain, borrowers can reach lenders of almost any size and background, while also providing borrowers with optimal capital efficiency. The lending process is as follows: 1. Lenders add assets to the TrueFi lending pool and use them to fund new loans, for which lenders earn interest and TRU. Any unused funds are sent to the Curve.fi protocol to maximize returns. 2. Borrowers (currently reserved for institutional rather than retail borrowers) are whitelisted through a rigorous onboarding process that involves an in-depth review of their business, signing an enforceable loan agreement and approval by the TRU community. 3. Once approved, the borrower submits a funding application based on the interest rate and credit limit determined by their credit score, which requires further TRU community approval. They take out a loan by voting "yes" or "no" on each project to indicate their opinion of the loan. TRU pledgers are incentivized to vote carefully on new loans because the TRU they pledge may be liquidated (up to 10% of the pledged TRU) to protect the lender in the event of default. The borrower must repay the principal and interest on or before the maturity date. Delinquent borrowers face legal action based on loan agreements signed during their employment.

Maximum supply: 1.44 billion Current circulating Supply (as of February 16, 22) : 441,129,426 Token Distribution: Incentives (revenue farming) = 565,500,000 (39%) Presales = 387,917,402 (26.75%) Team = 268,250,000 (18.5%) Company/Foundation = 163,082,598 (11.25%) Future team = 65250000 (4.5%)

1. Pledge: Users can pledge TRU tokens. Up to now, the return rate of pledge investment is as high as 22.95%. 2. Governance: TRU token holders can participate in voting proposals, such as community action, development plans or agreement changes.

1. Lenders add assets (such as USDC, USDT, or TUSD) to the TrueFi pool for providing unsecured loans to approved borrowers. They earn high yields through agreement loans in the form of loan interest and TRU incentives. 2. Liquidity pool entrants will be rewarded with certain TRU tokens. 3. The investment return rate of TRU pledge is as high as 22.95%.

The LoanToken protocol is the smallest system for fixed-size, fixed-term, fixed-rate loans on the blockchain. In the future, we expect to see DeFi agreements for other similar funds to invest loanTokens directly from top borrowers on the platform. Institutional borrowers may create a loan token to raise 5 mm, and any Ethereum wallet or smart contract can contribute as little as $1. 2. On-chain credit models: Bridging real-world and on-chain data for credit scores in DeFi to generate dynamic, reliable measures of borrower creditworthiness is one of DeFi's biggest opportunities. TrueFi's credit scoring model, which is still under development today, takes into account a borrower's corporate background, repayment history, operating and trading history, assets under management, and credit metrics such as leverage and exposure. This score is publicly displayed on borrower profiles (e.g. Wintermute) and, in combination with community-approved interest rate models, sets the terms of loans offered today through TrueFi. In the future, this model will not only become increasingly complex, but will likely be integrated into both DeFi and traditional finance. 3.TrueFi pools: Open "fund" frameworks with various strategies and risk tolerance TrueFi pools are the top of the TrueFi technology stack, and they are the objects with which users interact. TrueFi pool invests in Loantokens that meet a target credit level based on the risk tolerance of the pool. While TrueFi started with a single pool, it will support a variety of pools with different investment strategies and risk appetites in the future.

TrueFi brings in-chain unsecured loans that maximize capital efficiency for borrowers and yield for lenders.

TrueFi's potential competitors include Aave, Teller, and Union. There are certain similarities in unsecured lending mechanisms.

There is no doubt that unsecured credit has brought some innovation to the DeFi market, where mortgage lending is widely adopted. This also makes the DeFi world increasingly connected to the real world, as DeFi and traditional finance become intertwined.

1. Potential increased risk of loss: The agreement requiring collateral is protected by this collateral in the event of default. While this allows such platforms to be indiscriminate in approving loans, unsecured loans have higher standards of trust that borrowers must meet. If an unsecured loan defaults, the delinquent borrower will undergo a credit assessment before the loan is issued and will face reputational damage and legal action. If such legal action fails to recover the loan, the lender could lose some or all of the value of the loan. 2. Lenders have a slippery point in exiting their position in the lending pool. 3. Risks in policy promotion: P2P lending is severely restricted in some countries. 4. Undermortgaged is an innovative form of lending that allows a user to borrow more than the assets they pledge. However, borrowers may not find the process smooth because the decision is based on a vote of the pledgee.

1. Within the first 6 months of launch, trUs planted by the project will either be burned or returned to the community, events that will ultimately reduce the total supply of TRU tokens. 2.TrueFi recently expanded the program by integrating with Chainlink and other DEX like Sushiswap and Uniswap. These partnerships will improve project performance to obtain accurate real-time contract data. The farm's relocation to DEX also helped the project further develop in the DeFi area.