TrueFi (TRU) is the governance token of TrueFi, a decentralized finance protocol that enables uncollateralized lending and borrowing on blockchain networks. Built on Ethereum and Optimism, TrueFi operates as a credit protocol that connects investors, borrowers, and capital managers for both crypto-native and real-world financial opportunities. The platform removes traditional intermediaries to offer lenders better yields while providing multiple layers of loss protection against defaults. TrueFi brings asset management on-chain, making investment opportunities typically reserved for institutional investors accessible to retail participants. The protocol uses a hybrid structure combining decentralized governance through TRU token holders with independent portfolio managers who handle underwriting and collections.

You may ask

What makes TrueFi different from other DeFi lending protocols?

TrueFi enables uncollateralized lending, meaning borrowers don't need to provide crypto collateral. The protocol combines on-chain governance with real-world credit assessment, underwriting, and collection processes managed by independent portfolio managers, bridging DeFi with traditional finance.

How does TrueFi assess creditworthiness for uncollateralized loans?

TrueFi relies on independent portfolio managers who handle borrower credit assessment, onboarding real-world collateral, and loan collections. These managers enjoy TrueFi's infrastructure benefits while managing the centralized components of underwriting and risk assessment.

What are the tokenomics of TRU?

TRU has a total supply of approximately 1.34 billion tokens with a market cap of around $39 million. The token raised $12.5 million in Series A funding led by a16z, BlockTower Capital, and Alameda Research. Current price is approximately $0.029, down from all-time high of $1.02.

How do TRU token holders participate in governance?

TRU token holders direct the protocol through governance voting, including decisions on platform parameters, fund allocation from community treasury, and protocol improvements. The governance system ensures community control over the protocol's direction and development.