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Hopefully you've heard of #TrueFi, our upcoming uncollateralized DeFi lending platform, by now. 
Here's a TL;DR on how it works
Here's a TL;DR on how it works
Lenders add $TUSD into a #TrueFi pool to be used for lending to Borrowers, earning interest and farming $TRU. Unused capital sent into the @CurveFinance protocol to maximize earnings.
Borrowers (ie OTC desks, exchanges, DeFi protocols) submit proposals to borrow capital from the pool. They submit the amount of capital they want, % APY they’re offering, the term, and the $ETH address that will receive the loan capital if the proposal is approved.
Borrowers borrow funds from the #TrueFi Pool by submitting requests subject to approval by $TRU Stakers.
TRU Stakers vote by staking $TRU on “Yes” or “No” for each proposal.
TRU Stakers vote by staking $TRU on “Yes” or “No” for each proposal.
Each vote exposes participating $TRU holders to upside or downside based on if the loan ends up being successfully repaid, and so $TRU Stakers are incentivized to vote carefully. 
The Pool smart contract approves or rejects the loan based on the Pool’s risk parameters and Yes/No votes by $TRU Stakers.
Check out how that works in this GIF
Check out how that works in this GIF
The Borrower must return the principal and interest on or before the term expires.
Delinquent borrowers will face legal action pursuant to the loan agreement signed with @Trusttoken.
How does that works? Watch this GIF
Delinquent borrowers will face legal action pursuant to the loan agreement signed with @Trusttoken.
How does that works? Watch this GIF
In the future, we also plan for $TRU holders to be able to meaningfully direct the future development of the #TrueFi platform by participating using $TRU, including onboarding new borrowers, setting new loan terms, spinning up new TrueFi pools. 
Got questions about #TrueFi or what uncollateralized lending means?
Join our Discord to ask any questions: https://bit.ly/truefichat
Read our blog post: https://blog.trusttoken.com/introducing-truefi-the-defi-protocol-for-uncollateralized-lending-9bfd6594a48
Join our Discord to ask any questions: https://bit.ly/truefichat
Read our blog post: https://blog.trusttoken.com/introducing-truefi-the-defi-protocol-for-uncollateralized-lending-9bfd6594a48
