The goal of TrueFi is to become the most widely adopted and most trusted protocol for uncollateralized lending on blockchain. TrueFi’s first borrowers are crypto-native trading firms and will gradually become a diverse set of companies and individuals, letting TrueFi act as a more general financing tool.
Celebrating TrueFi’s first year and first $1B in loans, and looking to 2022
DeFi’s first unsecured loan was made by TrueFi to Alameda Research for $3.5 million on November 21st, 2020. Since that historic moment, the TrueFi protocol has continued to grow rapidly, hitting $1 billion in Total Value Locked (TVL) in August 2021.
After recently raising +$12.5 million, the world’s leading collateral-free lending platform is joining forces with a globally recognized team of Web3 engineers and designers.
San Francisco, California, September 2021 — TrustToken, the team responsible for launching TrueFi, the leading unsecured lending protocol, and maker of popular stablecoins including TrueUSD, announces the acquisition of EthWorks, a leading Web3 development company with a deep portfolio of successful blockchain projects. …
An even safer & more powerful TrueFi goes live August 18th, 2021
TrueFi is thriving. With an infusion of fresh capital, new exchange partners, and rapid growth in both outgoing loans and the total value locked in the protocol, TrueFi is well on its way to becoming a multi-billion dollar protocol.
As the leading protocol for collateral-free lending, TrueFi is scaling to bring the $11 trillion unsecured borrowing market on-chain with strategic hiring and crypto-native credit scores
San Francisco, California, August 2021 — TrustToken, creators of TUSD, is proud to announce it has raised a $12.5 million round of funding to scale TrueFi, the leading DeFi protocol for collateral-free loans, powered by the world’s first on-chain credit scores. …