TrueFi (TRU)

TrueFi (TRU) is a decentralized lending protocol built on Ethereum. It was founded in 2019 by DREAM, a blockchain-focused venture capital firm, to provide a trustless decentralized finance (DeFi) platform for trustless lending. TrueFi was designed to offer users a platform for peer-to-peer lending that is free from the traditional bureaucracy of financial services. The TRU token is the native token of the TrueFi platform and is used to govern the TrueFi protocol. It is also used to reward users who stake their TRU tokens and help secure the system. What makes TrueFi unique is its trustlessness. Instead of relying on centralized, third-party organizations to mediate and secure their transactions, TrueFi is powered by smart contracts, meaning all transactions are secured and verified through code. Additionally, it utilizes an algorithmic price mechanism to set interest rates, helping to create an efficient marketplace for lenders. TrueFi is used for a variety of purposes such as decentralized lending, asset management and yield farming. For decentralized lending, TrueFi facilitates the borrowing and lending of both fiat currencies and crypto assets. Additionally, it provides asset management options and also enables users to participate in yield farming. TrueFi can be purchased and sold on popular cryptocurrency exchanges such as Coinbase and Binance. It can also be purchased using fiat currencies or other cryptocurrencies. In conclusion, TrueFi is a trustless, decentralized platform for trustless lending that utilizes smart contracts and algorithmic pricing mechanisms to facilitate asset management and yield farming. It is currently available on popular exchanges and can be purchased using either fiat currencies or other cryptocurrencies.