What is TrueFi?

TrueFi is an uncollateralized lending protocol developed by the TrustToken team. This platform enables lenders to borrow cryptocurrencies at predictable loan rates without requiring collateral, differing from traditional lending platforms.

The goal of TrueFi is to establish a market-driven, automated credit rating and lending system. Achieving this will involve moving beyond strict limits like minimum or maximum annual percentage yields (APY) and increasing user responsibility for the onboarding of new borrowers and the approval of new loan types.