About TrueFi

TRUUSDT is an uncollateralized lending protocol designed to facilitate decentralized finance (DeFi) transactions without the need for collateral. Developed by the TrustToken team, this protocol allows lenders to borrow cryptocurrencies at predictable interest rates, distinguishing it from traditional lending platforms like Aave and Compound. The long-term vision for TrueFi is to establish a market-driven, automated credit rating and lending system that operates beyond conventional parameters, such as fixed annual percentage yields (APY) and participation requirements. To achieve this vision, TrueFi emphasizes the importance of user responsibility, particularly in the onboarding of new borrowers and the approval of diverse loan types. This approach aims to foster a more dynamic lending environment that adapts to market conditions while maintaining a focus on creditworthiness. By moving away from rigid constraints, TRUUSDT seeks to create a more flexible and responsive lending ecosystem that meets the evolving needs of its users.