TrueFi Debuts Blockchain Credit Scoring Model – Bankless Times
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TrueFi Fresh Take in On-Chain Lending
TrustToken, makers of stablecoins including TUSD, has launched TrueFi, the decentralized protocol for uncollateralized lending, hitting $35 million in total value locked within 24 hours of going live. The TrueFi protocol introduces a new approach to on-chain lending, letting TRU holders vote on incoming borrowers and uncollateralized loan requests; creating new ways for TrueCurrency users to generate stable, high returns in DeFi; and empowering approved borrowers with fast, fixed-term, fixed-rate loans no collateral requirements.
Today, most lending platforms require borrowers to lock up assets (like Ethereum), often in excess of their loan amount, to borrow capital. TrueFi differentiates from these players in how it approves incoming loan requests, by having no collateral requirements, and in building with transparency in mind. While collateralized lending has been DeFi’s springboard to success to date, attracting billions of dollars of capi
ETH smashes records, Bitcoin s brilliant quarter, PayPal s big move
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What Is Decentralized Finance (DeFi)? – Forbes Advisor
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