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.