TrueFi company info

What does TrueFi do?
TrueFi (CRYPTO:TRU) is a decentralized lending and borrowing protocol that provides undercollateralized loans to creditworthy borrowers. TrueFi uses a variety of data sources to assess the creditworthiness of borrowers, which allows it to offer loans to borrowers who would not be eligible for loans from traditional financial institutions. TrueFi is operated by a decentralized autonomous organization (DAO) governed by the TrueFi token (TRU). The DAO is responsible for making decisions about the development and future of the TrueFi protocol. The TrueFi team is currently working on a number of projects to improve the protocol and expand its offerings, including TrueFi v2, a TrueFi mobile app, and a TrueFi credit scoring system. The TrueFi team's objective is to build a decentralized and inclusive lending and borrowing protocol that is accessible to everyone, regardless of their credit history. The team believes that blockchain technology has the potential to revolutionize the lending and borrowing process, and they are committed to making TrueFi the protocol that makes this possible.
TrueFi company media
Company Snapshot

How many people does TrueFi employ?

people
Employees
11-50

What is the market cap for TrueFi?

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Market Cap
$128.13M

What year was TrueFi founded?

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Year Founded
2020
What does TrueFi specialise in?
/Avalanche Ecosystem /DeFi /Ethereum Ecosystem /Lending & Borrowing /Yield Farming

What are the products and/or services of TrueFi?

Overview of TrueFi offerings
Accessibility: TrueFi is accessible to everyone, regardless of their location or credit history. This makes it a truly inclusive lending and borrowing platform.
Data-driven underwriting: TrueFi uses a variety of data sources, including on-chain and off-chain data, to assess the creditworthiness of borrowers. This allows TrueFi to offer loans to borrowers who would not be eligible for loans from traditional financial institutions.
Decentralized governance: TrueFi is governed by a decentralized autonomous organization (DAO). This means that all decisions about the protocol are made by the community of TRU holders.
Security: The TrueFi protocol is secured by a variety of smart contracts. These smart contracts ensure that all transactions are secure and that all parties involved are protected.
Transparency: All transactions on the TrueFi protocol are transparent and verifiable. This helps to ensure that the protocol is fair and that all parties involved are protected.
Undercollateralized loans: TrueFi provides undercollateralized loans to creditworthy borrowers. This means that borrowers can borrow more than they have in collateral, which makes it easier for businesses and individuals to access the capital they need.