Have you ever heard about the lending platform built on blockchain technology? That’s TrueFi, a platform in the DeFi space. TrueFi is transforming how borrowers and lenders connect within the crypto space. It opens up a world of opportunity for both sides of the lending equation.
Do you wish to know more about TruFi? Find out all the significant details, including the functionality, working pattern, Key indicators, future price prediction, buying option, the process of purchasing, and credibility of TrueFi as an investment option.
Read on to learn more about TrueFi:
What is TrueFi?
TrueFi works on the Ethereum and Optimism blockchains, It allows secure capital management in addition to lending and borrowing. TrueFi World is a marketplace that connects people entirely on-chain. The transactions are all recorded on a blockchain. Hence, the entire setup is highly secure and transparent. Lenders, borrowers, and portfolio managers can make use of the project.
| Ticker Name | TRU |
| Market Cap | $236,898,493 |
| 24-hour trading volume | $98,638,374 |
| Total Supply | 1,232,328,859 |
| Max Supply | 1,232,328,859 |
| Chains | Ethereum Ecosystem |
How does TrueFi work?
TrueFi is a hybrid of DeFi and CeFi protocol that facilitates uncollateralized lending to institutions that pass rigorous credit checks. TRU token holders vote to approve these short-term loans, which benefits TrueFi stakes and lenders.
TrueFi allows institutions to obtain loans without collateral, provided they meet the credit requirements. This approach enables borrowers to utilize their assets for other yield-generating purposes while accessing liquidity through uncollateralized loans.
Key Factors of TrueFi:
There is much more that TrueFi offers. Check out some of the key features that make TrueFi stand out:
Uncollateralized Lending: TrueFi offers loans without requiring collateral. It is very helpful for borrowers without assets. However, it introduced a risk for lenders, which TrueFi mitigates through its underwriting process.
On-chain Credit Assessment: TrueFi boasts of introducing the first on-china credit rating system. The system analyses borrower data and finds their creditworthiness to assign a credit score. This credit score then helps set interest rates and assess risk. It protects the lender from giving loans to the people who might likely default.
Credit Delegation and Portfolio Management: TrueFi allows lenders to delegate credit assessments to portfolio managers. The managers build and manage diversified pools of loans. It offers higher returns to lenders.
TRU Token Utility: The TRU token is the backbone of the governance of the project. TRU holders can vote on critical platform decisions. They can approve new borrowers and portfolio managers. TRU holders can also earn rewards through staking or burning mechanisms.
price prediction of TrueFi(TRU)
Check out our analysis of the price forecast of TRU. While writing this, TRU has been at a trading volume of $98,629,360 for the past 24 hours. As per the performance of the token, market analysis, and other technical indicators, the price forecast of TRU shows that it has the potential to be a promising crypto project.
Check out the price prediction of TRU until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
| 2024 | $0.34 | $0.43 | $0.52 |
| 2025 | $0.71 | $0.71 | $1.08 |
| 2026 | $1.49 | $1.49 | $2.23 |
| 2027 | $3.08 | $3.08 | $4.62 |
| 2028 | $6.37 | $6.37 | $9.55 |
| 2029 | $13.17 | $13.17 | $19.76 |
| 2030 | $27.24 | $27.24 | $40.87 |
Where can you buy TrueFi(TRU)?
You can easily buy and sell TRU on reliable centralized crypto exchanges. The most popular option for trading TRU is Binance. It has the most active trading pair TRU/USTD. Binance boasts a trading volume of $49,514,569 for the past 24 hours. You can also explore other options like Bitget, TokoCrypto, CoinW, DigiFinex, and Bybit.
How to buy TrueFi(TRU)?
Are you ready with your investment strategy? Check out the process of purchasing TRU. We have simplified the steps just for you.
Step 1: Create your free account in the exchange of your choice. You can use the website or application. Compare among the options and choose the most suitable option that caters to your needs.
Step 2: Move on with the funding of the account. You might have different payment methods for funding the account. Choose from Debit Cards, Credit Cards, P2P Trading, Bank transfers, or Third-party payment.
Step 3: Now, after the funding is done, you can proceed to buy TRU. Check for TRU in the “buy” section of the crypto. This can be positioned differently in each exchange.
Step 4: After the purchase is done, you can transfer TRU to your crypto wallet. It is possible to hold the crypto in the account. You can also trade it for other cryptocurrencies for additional passive revenue.
Is TrueFi (TRU) a credible investment option for you?
TrueFi is different from regular decentralized lending in the DeFi space. By removing collateral requirements and implementing innovative credit assessments, TruFi is improving the credit system. With the help of blockchain technology, it is now easily accessible. DeFi credit will change how we access capital and earn returns in cryptocurrency. Whether you are a lender looking for stable returns or a borrower needing assets, TrueFi seems to be a credible investment choice.
Be aware of the volatile nature of the crypto market. We advise you to do deep research about the project before processing the investment.
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