The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
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"Defaults are ordinary course in this asset class and critically important to refining risk parameters and pricing over time," Roshan Dharia, head of lending at Archblock, a core TrueFi contributor which oversees borrower relationships on the protocol, told CryptoX. "We have historically been heavily focused on borrower counterparty risk, asset BadCollateralCryptoDebtLendingLimboRiskShowsTrueFis Read More
The TrueFi protocol has only been around for a couple of months and its arrival is already being felt across the DeFi landscape. Since the beginning of January, the platform has steadily been climbing the rankings chart on DefiPulse, already in the 24th spot after 2 months since launch, moving 50ApproachesComprehensiveMilestoneMillionRevealsRoadmapTrueFisTVL Read More