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TrueFi –Cryptoverse AMA Recap

TrueFi –Cryptoverse AMA Recap

MediumMedium04 Jun 2021 | 08:06 am
TrueFi is a protocol for credit and collateral-free lending. So far it has originated over $100 million worth of loans and has on-boarded many top borrowers in crypto. The platform is still very early in unsecured lending, but the market hasn’t taken a ton of notice yet. We’re adding support for USDC and USDC is much bigger than TUSD and we hope to lead a lot of growth.
PancakeSwap Welcomes TrueUSD to Syrup Pool!

PancakeSwap Welcomes TrueUSD to Syrup Pool!

MediumMedium30 May 2021 | 14:19 pm
CAKE holders will be able to stake CAKE tokens to earn TUSD tokens in a new Syrup Pool from TrueUSD, the world’s most transparent stablecoin, fully collateralized and independently attested live on-chain. To give as many CAKE holders the opportunity to Farm some juicy pool rewards at a high APY, we will have a 100 CAKE token cap staking limit per user for the first 48 hours.
Proposal: Whitelist TrueFi (TRU) Plus 250K BNT Co-Investment (Attempt #2)

Proposal: Whitelist TrueFi (TRU) Plus 250K BNT Co-Investment (Attempt #2)

Bancor Governance ForumBancor Governance Forum29 May 2021 | 08:33 am
TrueFi is an on-chain unsecured lending and credit protocol. Users are able to lend stablecoins (for now just TUSD, but shortly USDC and other tokens) to TrueFi and earn a 10%+ yield on their deposits. Borrowers are scrutinized and approved by governance to be able to borrow without collateral requirements.
LINK and TUSD Markets are Live, Compound Liquidation Performance

LINK and TUSD Markets are Live, Compound Liquidation Performance

compound.substack.comcompound.substack.com27 May 2021 | 19:23 pm
Compound token holders voted to add support for LINK and TUSD on the Compound protocol. This is the first time that two separate governance proposals for adding assets have been active at once. Over $200m of collateral assets on Compound were liquidated and $1.7B of borrowed assets were repaid during the downturn.
[Proposal] TrueFi Loan Approval and Rate Setting

[Proposal] TrueFi Loan Approval and Rate Setting

TrueFiTrueFi27 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.
TrueFi V3:信用模型和新资产支持

TrueFi V3:信用模型和新资产支持

MediumMedium19 May 2021 | 03:13 am
TrueFi’s “TrueFi V2” and “V3” are based on the “DeFi” brand. “”“’”TrueFi,” “The TrueFi brand” is based on “
TrueFi V3: Credit Model & New Asset Support

TrueFi V3: Credit Model & New Asset Support

MediumMedium18 May 2021 | 15:56 pm
TrueFi’s first unsecured lending protocol will launch TrueFi V3 on May 20th, 2021, with the launch of the TrueFi credit model. The credit model is a new DeFi building block that aggregates a number of new factors to produce a creditworthiness score from 0 to 255. TrueFi aims to eventually allow nearly any ERC-20 asset to be used to generate a new lending pool, supporting the platform as a backstop in case of default.
[Idea] Boosting incentives for tfUSDC launch

[Idea] Boosting incentives for tfUSDC launch

TrueFiTrueFi05 May 2021 | 23:09 pm
TrueFi is ready to launch new lending pools this month as part of the roadmap’s Phase 3 rollout. The objectives of this proposal are to double total value locked (increase to $200M TVL) and to generate $60M in new loans by the end of June.
去中心化无抵押借贷协议TrueFi正式上线

去中心化无抵押借贷协议TrueFi正式上线

MediumMedium28 Apr 2021 | 15:09 pm
TrustToken’s “TrueFi” app is available for iOS and Android devices. The app is free to download and can be downloaded for free from the App Store and Google Play Store. Users can download the app for free using the “Free” version of the app.
DeFi Lending Platform Uses Blockchain to Offer Credit Lines With No Collateral | Grit Daily News

DeFi Lending Platform Uses Blockchain to Offer Credit Lines With No Collateral | Grit Daily News

Grit Daily NewsGrit Daily News21 Apr 2021 | 09:30 am
TrueFi is the first DeFi platform for uncollateralized lending and borrowing. The company behind the platform, TrustToken, will be supporting USDC, a stablecoin. USDC is the next stablecoin coming to the TrueFi protocol, likely to be followed by other stablecoins, such as BTC and ETH.
Mitigating Risk & TrueFi’s Loan Default Process

Mitigating Risk & TrueFi’s Loan Default Process

MediumMedium20 Apr 2021 | 12:33 pm
TrueFi has processed almost $100m of uncollateralized loans with prompt repayment and a 0% default rate. In the case of a confirmed loan default, the TrueFi community will be alerted of the default across all community channels. Legal action will be initiated against the delinquent borrower, aimed at collecting on the loaned capital.
EP 26 – INTERVIEW – RAFAEL COSMAN – CEO TRUSTTOKEN

EP 26 – INTERVIEW – RAFAEL COSMAN – CEO TRUSTTOKEN

Blockchain DialoguesBlockchain Dialogues16 Apr 2021 | 08:15 am
In this episode, we interview Rafael Cosman, CEO & Co-founder, TrustToken. TrustToken recently launched the TrueFi protocol (TRU), which is an uncollateralized lending platform that allows vetted borrowers to request loans from lenders. We take a deep dive into how TrueFi works, and discuss the innovation that it brings.
Uncollateralized lending launched by TrustToken| App Developer Magazine

Uncollateralized lending launched by TrustToken| App Developer Magazine

App Developer Magazine13 Apr 2021 | 19:53 pm
TrustToken has launched TrueFi, a decentralized protocol for uncollateralized lending. TrustToken is bootstrapping TrueFi by distributing TRU to protocol participants, with a plan to progressively decentralize control of the platform into the hands of its users. TRU holders stake to approve or reject each proposal, collectively acting as a credit prediction market estimating borrower creditworthiness and loan desirability.
Episode 162: Rafael Cosman on Uncollateralized Lending with TrueFi

Episode 162: Rafael Cosman on Uncollateralized Lending with TrueFi

Crypto CurrentCrypto Current12 Apr 2021 | 12:28 pm
TrustToken’s Rafael Cosman talks about his team's new DeFi protocol for uncollateralized lending, called TrueFi. Rafael helped build StreetCode, a non-profit that teaches East Palo Alto youth technical skills, and worked at Google Brain, Palantir, and Kernel. TrustToken is modernizing financial infrastructure to make economic opportunities open to all.
Step-by-step tutorial to get TRC20- TUSD on TrustToken homepage

Step-by-step tutorial to get TRC20- TUSD on TrustToken homepage

MediumMedium12 Apr 2021 | 08:37 am
TrueUSD has launched TRC20-TUSD on the TRON Network. The first way to get it is to sign in through the TrueUSD app. Minting and redeeming TUSD begins after completing the KYC process, which may take up to 7 business days. You will receive an automatic email notification once the minted tokens are deposited into your wallet.
DeFi’s critical missing piece: Credit scores

DeFi’s critical missing piece: Credit scores

CointelegraphCointelegraph10 Apr 2021 | 00:00 am
The growth of DeFi lending markets is currently hampered by the need for over-collateralization of credit. Traditional finance is largely backed by reputation and credit, not just assets, and DeFi can and will compete with the traditional financial system. The solution to bridging the gap between requiring assets and managing uncollateralized loan risk is simple.
TUSD Now Live On TRON

TUSD Now Live On TRON

MediumMedium09 Apr 2021 | 10:03 am
TrueUSD, the world’s most transparent stablecoin, is now live on TRON as TRC20-TUSD. The stablecoin is fully collateralized and independently attested live on-chain. It is pegged 1:1 to the US dollar and is monitored in real-time by Armanino, a well-known accounting firm.
Why was my wire charged a fee?

Why was my wire charged a fee?

TrustToken Help CenterTrustToken Help Center08 Apr 2021 | 21:07 pm
TrustToken does not charge any fees for mints or redemptions of TrueUSD and TrueCurrencies. However, customer banks may charge wire fees. Domestic wire fees can be around $30 USD and international wire fees up to $100 USD. These wire fees are charged by independent third-party financial institutions and are not related to TrustToken.
Mark Cuban Says Explosive Growth in DeFi Is 'Like the Early Days of the Internet'

Mark Cuban Says Explosive Growth in DeFi Is 'Like the Early Days of the Internet'

EntrepreneurEntrepreneur08 Apr 2021 | 04:00 am
Decentralized finance (DeFi) has experienced an uptick unlike amid the chaos of 2020s crumbling global economies. Last year's warmer months are now known as the “DeFi Summer” because the total value locked into their smart contracts rapidly grew, from a few hundred million to more than $20 billion in a matter of months. DeFi developers are consistently building new innovative projects and exploring ways to bring in new users to start participating.
TrueUSD Stablecoin to Launch on Tron Blockchain in 2 Days

TrueUSD Stablecoin to Launch on Tron Blockchain in 2 Days

U.TodayU.Today07 Apr 2021 | 13:19 pm
TrueUSD (TUSD) will be the second dollar-powered stablecoin to run on Tron's TRC20 standard and run on Justin Sun's blockchain two days from now. In March 2019, the most liquid and popular stablecoin, USDT, migrated on the Tron network, adding another blockchain to its collection (ETH, EOS, Omni, Tron, etc).
TrueUSD Listing Proposal [Stay tuned]

TrueUSD Listing Proposal [Stay tuned]

Compound Community ForumCompound Community Forum03 Apr 2021 | 05:19 am
TrueUSD is the first independently-verified digital asset redeemable 1-for-1 for US Dollars. The ERC20 stablecoin uses multiple banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud. TUSD offers liquidity on dozens of leading exchanges, DeFi protocols, and is supported by major OTC desks.
Decentralized Finance Is Building A New Financial System

Decentralized Finance Is Building A New Financial System

Forbes AdvisorForbes Advisor02 Apr 2021 | 00:00 am
Decentralized finance, also known as DeFi, aims to democratize finance by replacing legacy, centralized institutions with peer-to-peer relationships that can provide a full spectrum of financial services. DeFi is powered by decentralized apps called “dapps” or “protocols,” which handle transactions in Bitcoin and Ethereum. The total locked value of DeFi protocols is nearly $43 billion.
Interview with Rafael Cosman, CEO and Co-Founder at TrustToken, The Company Behind TrueFi - TechRound

Interview with Rafael Cosman, CEO and Co-Founder at TrustToken, The Company Behind TrueFi - TechRound

TechRoundTechRound01 Apr 2021 | 08:00 am
TrueFi is the first and largest protocol for fixed-term, zero-collateral loans, made possible through a combination of the best of centralized and decentralized finance. To date, TrueFi has processed over $100m of unsecured loans with borrowers like Alameda Research and Wintermute Trading, with no defaults.
TrueFi Integrates Chainlink Price Feeds to Further Secure Zero-Collateral TUSD Loans

TrueFi Integrates Chainlink Price Feeds to Further Secure Zero-Collateral TUSD Loans

MediumMedium12 Mar 2021 | 15:47 pm
TrueFi is using Chainlink Price Feeds on mainnet to determine the current price of TrueFi’s native token, TRU, relative to TUSD and ETH if the smart contract needs to execute automated coverage of loan defaults. Chainlink is already being used by TUSD for its Proof of Reserve functionality, which enables DeFi applications to automatically verify on-chain that each stablecoin is backed 1:1 with US dollars held in reserve.
Introduction to the TrueFi Platform Tokens

Introduction to the TrueFi Platform Tokens

MediumMedium11 Mar 2021 | 18:18 pm
TrueFi is an uncollateralized lending protocol powered by an on-chain credit model. The TRU token plays an important role in approving new loans, borrowers, and governance motions on the TrueFi protocol. TRU is typically allocated to three main use cases: Staking on TrueFi, which allows for new loans to be approved or rejected.
TrueFi V2: Improved Staking, Liquid Exit, On-Chain Governance

TrueFi V2: Improved Staking, Liquid Exit, On-Chain Governance

MediumMedium12 Feb 2021 | 14:34 pm
TrueFi’s next milestone, dubbed V2, will launch on February 19th, 2021, pending audit. V2 will include three major changes to the TrueFi protocol, including an improved TRU staking model and the launch of full on-chain governance. TrueFi has processed $57.5 million of unsecured loans with no defaults.
TrueFi’s TRU Token Economics

TrueFi’s TRU Token Economics

MediumMedium11 Feb 2021 | 14:31 pm
TrueFi’s token release schedule has been updated several times by TRU community votes to reflect updated opportunities. As a result, the actual circulating supply and distribution curve is now different than when it was originally proposed. At launch, the total max supply of TRU was 1,450,000,000. The current circulating supply is much lower than originally anticipated.
TrueFi’s TRU Token Trading on Binance, FTX, Uniswap and Sushiswap

TrueFi’s TRU Token Trading on Binance, FTX, Uniswap and Sushiswap

01 Feb 2021 | 09:45 am
TrueFi has facilitated $46 million in loans to institutional borrowers like Alameda Research, Wintermute Trading and Invictus Capital, and generated over $100,000 in returns for stablecoin lenders. The native token TRU has earned the attention of the most respected global exchanges, resulting in major listings on centralized exchanges like Binance and FTX, as well as substantial liquidity in decentralized exchanges like Uniswap.
Postmortem: TFI-LP Pricing Bug

Postmortem: TFI-LP Pricing Bug

MediumMedium29 Jan 2021 | 00:31 am
A bug affected the rate of exchange between TUSD and TFI-LP tokens for depositors that put their funds into the TrueFi Lending Pool. This resulted in some users receiving up to 0.5% less tokens than they should have. A permanent fix for this issue has been implemented.
The TrueFi Protocol Roadmap

The TrueFi Protocol Roadmap

MediumMedium26 Jan 2021 | 00:25 am
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 the protocol needs to be on providing an attractive risk-adjusted return over the long term. The protocol will use community incentives to accelerate growth and decentralize governance.
Wintermute Trading borrow request

Wintermute Trading borrow request

TrueFiTrueFi27 Dec 2020 | 15:19 pm
Wintermute is a proprietary trading firm and one of the larger market makers in crypto globally. The firm would like to borrow 1,000,000 TUSD for 30 days at a rate of 12%. The funds will be deployed in market making strategies across CeFi and DeFi. Wintermute's trading volume in 2H 2020 surpassed $70B and its average daily trading volumes were $0.75-1B.
Join the TrueFi Roundup

Join the TrueFi Roundup

21 Dec 2020 | 21:00 pm
Welcome to the TrueFi Roundup, a regular summary of the top product, protocol, and token news for users of uncollateralized on-chain lending protocol TrueFI and holders of the TRU platform currency. Sign up now so you don’t miss the first issue.
Avalanche Expanding Liquidity Across its DeFi Ecosystem with Upcoming Launch of First USD…

Avalanche Expanding Liquidity Across its DeFi Ecosystem with Upcoming Launch of First USD…

MediumMedium16 Dec 2020 | 15:12 pm
TrueUSD, a top-five fiat-backed stablecoin by market cap, will launch natively on Avalanche in Q1 2021. TrueUSD is the first and only fully backed stablecoin attested independently live and on-chain. It is one of multiple TrueCurrencies built by TrustToken, which include TGBP, THKD, TCAD, and TAUD.
Scaling Trust: Announcing TUSD’s Next Stage of Growth

Scaling Trust: Announcing TUSD’s Next Stage of Growth

MediumMedium15 Dec 2020 | 15:03 pm
TrustToken is partnering with an Asia-based consortium that will be working with Tron to support TUSD across the Tron and other blockchain networks. TUSD will continue to live on the Ethereum blockchain and support the Binance blockchain, and will soon be coming to Tron. The TUSD product will have the financial and operational resources to thrive independent of TrustToken.
AMA Highlights — TrustToken

AMA Highlights — TrustToken

MediumMedium12 Dec 2020 | 07:55 am
TrustToken CEO Rafael Cosman joined the Hillrise Capital Telegram chat on December 10 to answer questions about the DeFi industry. TrustToken is working to revolutionize the industry with their stablecoin stablecoins through to completely “uncollateralized” lending. The company is shifting its focus away from stablecoins to focus on DeFi.