TrueFi aims to bridge the gap between traditional lending and decentralized finance by providing uncollateralized loans on the blockchain. This allows borrowers to access funds without having to provide collateral, which is a common requirement in traditional lending.The TrueFi platform operates through a pool-based lending system. Lenders deposit their assets into a lending pool, and borrowers can request loans from this pool. The interest rates for loans are determined by the supply and demand dynamics of the platform.To ensure the creditworthiness of borrowers, TrueFi has implemented a credit model that evaluates borrowers based on their on-chain credit history. This credit model takes into account factors such as repayment history, utilization rates, and other relevant metrics. This allows borrowers to build a credit history on the blockchain, which can be used to access better loan terms in the future.The TrueFi platform is governed by the TRU token holders. TRU holders have the power to vote on proposals, such as approving new loans or modifying the lending parameters. This decentralized governance model ensures that the platform is operated in a transparent and community-driven manner.Overall, TrueFi aims to provide a decentralized lending solution that offers competitive rates for lenders and accessible loans for borrowers, all while maintaining transparency and decentralization through the use of blockchain technology and on-chain credit history.

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