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$0.800055

  -8.77%

Buy Max ($5,000) Change to TRU

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What is TrueFi?

TrueFi (TRU) is a Decentralised Finance (DeFi) protocol that seeks to provide users with the ability to earn high yields on stablecoin loans and borrow capital without collateral.

  • Lenders can add TrueUSD (TUSD) into a TrueFi pool to be used for lending, earning interest & farming TRU. Capital that is not borrowed is sent into the Curve protocol to maximise earnings.
  • Borrowers such as OTC desks, exchanges and other protocols submit proposals to borrow capital from the pool - including amount want to borrow, the % APY they are offering, the term length and their Ethereum address.
  • TRU stakers vote on borrowing proposals, each vote exposes participating TRU holders to upside or downside based on loan prepayment. This incentives TRU stakers to vote carefully.

The team believe most interesting products in crypto act as bridges between traditional and decentralised finance. They seek to move the uncollateralised lending market onto the blockchain to open access to lenders of nearly any size and background.

How do I buy TrueFi?

1.
Deposit funds into your account.
2.
Enter the amount of TrueFi (or Australian Dollar equivalent) that you would like to buy.
3.
Click ‘Buy' to confirm your TrueFi purchase and your TrueFi will arrive in your CoinSpot wallet within minutes.
Don't have an account? Click here.