How TrueFi Is Transforming DeFi Zero-Collateral Loans
Feb 13 2021 · 11:50 UTC | Updated
Feb 13 2021 · 12:13 by Julia Sakovich · 5 min read
Photo: Depositphotos
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The final phase of the TrueFi launch should initiate the beginning of a highly functional, cross-chain uncollateralized lending platform, equally able to serve institutions, retain users, and lend to other protocols.
Defi took off in 2020 in a major way, with applications such as decentralized exchanges and decentralized lending exploding in popularity. Existing DeFi lending platforms are focused on collateralized lending, an obvious choice for peer-to-peer use, but have not expanded on their lending capabilities.
This is where TrueFi comes in, aiming to become the industry standard for blockchain-based uncollateralized lending – like an enterprise-grade credit card. Using the platform’s native cryptocurrency, TRU, and its dollar-backed stablecoin, TUSD, True