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What is TrueFi?

Presenting TrueFi, a cutting-edge decentralized finance platform that specializes in uncollateralized lending, allowing users to earn impressive yields on stablecoin loans while accessing funds without needing collateral. We proudly introduce TrueFi, a unique protocol tailored for uncollateralized lending, which is complemented by TRU, our native token that supports staking and voting on loan proposals. TrueFi aspires to transform the DeFi landscape by promoting uncollateralized lending, enabling cryptocurrency lenders to achieve attractive and sustainable returns, while borrowers benefit from dependable loan conditions without collateral obligations. A commitment to transparency is fundamental to TrueFi, ensuring that every lending and borrowing transaction is thoroughly disclosed, providing lenders with visibility into the borrowers and the movement of funds. By depositing TrueUSD into a TrueFi pool, lenders can participate in lending, earn interest, and farm TRU tokens, while any surplus capital is effectively allocated to the Curve protocol for enhanced earnings. Borrowers, which include OTC desks, exchanges, and various other protocols, can present their funding requirements to the pool, creating a dynamic ecosystem of lending and borrowing. This innovative model not only boosts market liquidity but also empowers a wide array of participants within the DeFi ecosystem, fostering growth and collaboration among users. Furthermore, this approach encourages responsible lending practices and promotes financial inclusion, making it accessible to a broader audience.

What is Sovryn?

Sovryn prioritizes high security standards by conducting regular audits through various auditors and implementing a comprehensive bug bounty program. Moreover, the platform aims to enhance decentralization by introducing more secure oracles in the future. To mitigate the risks associated with undercollateralized loans, an insurance fund is established, which receives 10% of the interest earned. Staying true to one of the fundamental principles of decentralized finance, Sovryn focuses on interoperability and the development of open-source software. Users can effortlessly transact using bitcoin directly from their wallets, which ensures a smooth experience. All transactions occur on the bitcoin blockchain via the RSK bitcoin sidechain, providing an additional layer of security. As a decentralized margin trading platform, Sovryn eliminates the need for KYC or AML checks, allowing users to maintain their anonymity. This approach empowers users to lend and trade without the necessity of handing over their private keys to a centralized authority. By emphasizing user control, Sovryn guarantees that your keys, coins, and overall control are solely yours. Additionally, borrowers can utilize their bitcoin to create margin trading positions, effectively borrowing bitcoin from lenders to enhance their trading capabilities. This innovative structure cultivates a vibrant and user-driven trading atmosphere, fostering a sense of community among participants.

Media

Media

Integrations Supported

Aave
Bitcoin
BitcoinOS
CoinList
ImmuneBytes
MetaMask
NEAR
Rootstock
WalletConnect
vfat.tools

Integrations Supported

Aave
Bitcoin
BitcoinOS
CoinList
ImmuneBytes
MetaMask
NEAR
Rootstock
WalletConnect
vfat.tools

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

TrustToken

Date Founded

2017

Company Location

United States

Company Website

truefi.io

Company Facts

Organization Name

Sovryn

Date Founded

2020

Company Website

www.sovryn.app/

Categories and Features

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