TrustToken launches TrueFi V2, Decentralizing the Unsedured Lending Protocol TrueFi V2 further grows the utility and value of TRU, upgrades the underlying credit model, launches on-chain governance, and improves exit liquidity. SAN FRANCISCO, CA / ACCESSWIRE / February 19, 2021 / TrustToken, the core developer of the TrueFi uncollateralized lending protocol, is proud to announce the next major step of bringing credit lines on-chain: the launch of TrueFi Version 2. V2 delivers on three major goals for the protocol: making TRU more valuable and higher utility, building an ever more robust credit model to improve the borrower and lender experience, and formally decentralize the protocol. Since the November 2020 launch of TrueFi, the protocol has seen major success among borrowers, lenders, traders, and the DeFi community at large. As of writing, TrueFI has processed about $60m of loans from major institutional borrowers including top hedge funds and exchanges. In this same period, lenders have collected over $500,000 in rewards for depositing their stablecoins into the platform. This rapid growth has placed TrueFi in the top 10 lending protocols, according to DeFi Pulse, and attracted listings from large centralized and decentralized exchanges like Binance, FTX, Uniswap, and Sushiswap, all now home to substantial TRU trading volume.