Our Shared Vision for TrueFi in 2021 — 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. The focus of…

Meet DeFi’s leading protocol dedicated to collateral-free loans, powered by the world’s first on-chain credit scores — TrustToken has launched TrueFi, the protocol for uncollateralized lending, powered by the first ever on-chain credit scores and governed by holders of the TRU token. At launch on November 21st, 2020, TrueFi provided for (a) vetted borrowers to request loans denominated in TrueUSD (“TUSD”), (b) TRU Stakers to assess the…

Good for COMP Holders, Good for TrueCurrency Users — Here’s Why — TrueUSD has been proposed as a new Compound Finance market. We’ve previously discussed the pros and cons of TUSD on Compound on the governance forum and have structured the proposal with substantial feedback from the Compound community on Discord. We’re convinced adding TUSD to Compound would be good for TUSD…

The $3.4m loan default represents ~2% of TrueFi’s Total Value Outstanding and is currently in an active restructuring to maximize recovery for affected BUSD lenders. — On October 6th, 2022, TrueFi issued a notice of default to Korea-based Blockwater Technologies (“Blockwater”) for missing a scheduled payment due on its amended 3,419,190 BUSD loan. The TrueFi credit group led an exhaustive out-of-court workout with the principals of Blockwater, including a loan amendment to increase the borrowing rate…

Q4 2022: Standardizing TrueFi for institutional adoption — In the 22 months since issuing the first uncollateralized on-chain loan in November 2020, TrueFi has originated nearly $2 billion in aggregate loan value, while paying out more than $34 million to lenders and approximately $3 million to token holders and the TrueFi treasury. …

Introducing TrueFi’s primary lending solutions: Permissionless Pools, Single Borrower Pools, Automated Lines of Credit (ALOCs), and Portfolios — At its Web3 debut on November 2020, TrueFi completed DeFi’s first uncollateralized loan with funding from TrueFi’s permissionless pools in the form of a simple bullet loan. …

Powered by Project Galaxy, this drop is open to all users who join the TrueFi DAO Community. — In summary: Free NFT Drop: TrueFi is dropping a free Optimism NFT in celebration of our launch on Optimism Network, with the support of Project Galaxy. Visit our campaign here. How to Qualify: Users will need to join the TrueFi Discord, follow and engage on Twitter, and submit their ETH…

The DeFi credit protocol launches its first non-stablecoin portfolio, with loans managed by WOO X San Francisco, California, January 2022 — TrustToken, the core team responsible for building the leading unsecured lending protocol TrueFi unveils its collaboration with WOO X, a zero-fee digital asset trading platform incubated by Kronos Research…

TrueFi is Optimism’s first credit protocol, broadening access, decreasing transaction costs, and improving speeds for lenders and borrowers. In this post, learn how to use TrueFi on L2. — TrueFi is now live on Optimism, bringing real-world, unsecured financial opportunities to L2 for the first time. TrueFi was born on, and hit its first $1b in originations, on Ethereum. As the protocol built traction, we saw three things: