$0.0421
1H
-0.76%$0.0003
24H
3.27%$0.0013
7D
9.10%$0.0035
30D
47.1%$0.0135
TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. TrueFi includes utility and rewards mechanisms using TrustTokens (TRU) and rewards participants for maintaining stable, high APRs.
TRU is the native token of the TrueFi protocol and is used for: TrustToken holders ultimately have a say over who is a credible borrower in the prediction market. TRU gives the holder the ability to rate credit for third parties. Through TRU credit rating, a permissionless system of credit can be built which operates purely through incentives. TRU owners have part ownership in building a new credit system.
Wintermute’s latest repayment of $92.5 million worth of TrueFi loan has led to the suspicion that it was paid from the $160 million hacked from the platform.
As of the time of writing, 8 payments amounting to $645,405 towards loan repayments have so far been completed by Blockwater.
The crypto assets can be added specifically to the Coinbase Pro accounts as of now. They have not been enlisted on Coinbase.com or via the Consumer Mobile application.
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.