[Proposal] TrueFi Loan Approval and Rate Setting
TrueFi27 May 2021 | 00:00 am
TrueFi is asking TRU holders to vote on a new TrueFi Rate Model, which will allow for far more efficiency in working with borrowers and provide clarity on approvals, loan amounts and interest rates. To determine these parameters, the model incorporates data points including lending pool size, current utilization, loan size, borrower assets, and credit score. The model will initially be applied across the TUSD, USDC and forthcoming USDT pool.