#tru What is TrueFi? TrueFi is a cryptocurrency project that offers an innovative approach to unsecured lending. TrueFi, launched in November 2020, works with smart contracts that bring together lenders, borrowers and portfolio managers using blockchain technology. The TrueFi platform offers its users the ability to interact directly with each other, bypassing traditional financial intermediaries, making transactions faster and less costly. TrueFi's main purpose is to offer crypto asset holders the opportunity to earn high returns by providing unsecured loans. An unsecured loan means that the borrower does not put forward any assets to guarantee that he or she can repay the loan. This poses potentially higher risk for lenders. However, TrueFi uses a comprehensive credit estimation mechanism to evaluate borrowers' creditworthiness. This mechanism minimizes credit risk by analyzing borrowers' past transaction and payment performances. To date, the platform has provided over $1.7 billion in loans to more than 30 borrowers and paid over $40 million in interest payments in the process. We can say that these developments have reinforced TrueFi's position as a reliable platform in unsecured loans.