November 17, 2021, 5:32AM EST
• 6 min read

TrueFi: a pioneer in uncollateralized lending

Quick Take

  • TrueFi facilitates on-chain borrowing without collateral
  • Borrowers need to be vetted by TrueFi, and loan applications need to be approved by stakers of TRU, the native token of TrueFi
  • TrueFi lending pools have high utilization rates due to consistent borrowing demand from institutions
  • A small group of entities provides most liquidity in the lending pools

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