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Due to recent regulatory changes in Australia, CoinSpot can no longer offer their trading services to Unverified International Accounts.

Please note, you have not lost access to your CoinSpot account or your current balance, but there are restrictions in place whereby Buying, Selling and Trading activity has now been disabled.

You are still able to withdraw your holdings from your CoinSpot account. Please arrange to withdraw your balance to your own personal wallet or alternative exchange as soon as you are able to.

If you have any further questions or require assistance with your withdrawals, please contact helpme@coinspot.com.au.

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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.

What is a Stop Loss Order?

A Stop Loss Order is a type of order where you can set the amount of bitcoin you would like to sell at a desired price BELOW the current market price.

More Information

How do I Set a Stop Loss Order for TrueFi?

1.
Select the price (Trigger) you would like to sell your TrueFi if the market rate falls.
2.
Enter the quantity you would like to sell if the market rate falls to your selected price.
3.
Click ‘Set Stop Loss’ to confirm your TRU Stop Loss and your order will be created. Manage your open orders from the Open Orders page.
Don't have an account? Click here.