TrueFi as the broader market took a hit yesterday. However, TrueFi seem to better hold that the market and by doing so, confirming the triangle pattern in orange.
What is TrueFi?
TrueFi defines itself as a DeFi Protocol for Uncollateralized Lending. A DeFi Protocol is a protocol of open finance (ledger on the chain instead of centralized by an institution such as a bank). Uncollateralized lending is the action of lending money without counterparty (you don’t put anything to guarantee the good reimbursement of your loan).
TrueFi helps customers to build on-chain credit history. Indeed, when borrowing money on the blockchain, the customer is going to leave a mark or an history of the credit. Thanks to that, customer can build its reputation of good payer while a bad payer will automatically be detected at a larger scale.
TrueFi currently operates with crypto native trading firms and is intending to gradually diversify to all industry and individuals. Its current focus is to create/provide an attractive return adjusted based on the risk model created on the chain.
No financial advise, we all invest at our own risk.
What is TrueFi?
TrueFi defines itself as a DeFi Protocol for Uncollateralized Lending. A DeFi Protocol is a protocol of open finance (ledger on the chain instead of centralized by an institution such as a bank). Uncollateralized lending is the action of lending money without counterparty (you don’t put anything to guarantee the good reimbursement of your loan).
TrueFi helps customers to build on-chain credit history. Indeed, when borrowing money on the blockchain, the customer is going to leave a mark or an history of the credit. Thanks to that, customer can build its reputation of good payer while a bad payer will automatically be detected at a larger scale.
TrueFi currently operates with crypto native trading firms and is intending to gradually diversify to all industry and individuals. Its current focus is to create/provide an attractive return adjusted based on the risk model created on the chain.
No financial advise, we all invest at our own risk.
