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TrueFi (TRU) is an Ethereum token that powers TrueFi, a decentralized financial system that lends without collateral using on-chain credit scores. TRU can be used for staking (approving or rejecting new loans) and governance on the TrueFi protocol. TrueFi is a system that enables liquidity providers to establish high-APR interest-bearing pools. TrueFi rewards participants for maintaining steady, high APRs by using TrustTokens (TRU) as a utility and incentive system. TRU is the TrueFi protocol's native token, and it's used for: TrustToken holders get the final say on who in the predic...

Truefi is one of the industry's few uncollateralized Defi-based lending systems.

How TrueFi Is Transforming DeFi Zero-Collateral Loans Feb 13 2021 · 11:50 UTC | Updated Feb 13 2021 · 12:13 by Julia Sakovich · 5 min read Photo: Depositphotos You have successfully joined our subscriber list. The final phase of the TrueFi launch should initiate the beginning of a highly functional, cross-chain uncollateralized lending platform, equally able to serve institutions, retain users, and lend to other protocols. Defi took off in 2020 in a major way, with applications such as decentralized exchanges and decentralized lending exploding in popularity. Existing DeFi lending plat...