BTC Vs TRU
Part 2
In contrast, TrueFi (TRU), launched in 2020 by TrustLabs, is a decentralized finance (DeFi) protocol built primarily on the Ethereum blockchain. Its core innovation lies in enabling uncollateralized lending, a significant departure from traditional DeFi models that typically require over-collateralization. TrueFi utilizes its native TRU token for governance, allowing holders to participate in decisions, stake their tokens, and assess the creditworthiness of borrowers. The platform connects lenders seeking high annual percentage rates (APRs) with institutional borrowers, aiming to bridge the gap between decentralized finance and real-world assets by facilitating on-chain credit. While Bitcoin is a foundational digital asset, TrueFi is an application within the broader DeFi ecosystem, focused on a specific financial service.
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