💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
💟 Market Health (October-15) After a wave of good news about the DeFi, NFT and Fan token markets, buying power has returned to the market now. The current money is flowing strongly into the platform coins and this will help the market to stand stable in the near term. Let's keep accumulating coins and waiting for their pump
TrueFi (TRU) is the ERC-20 native utility token of TrueFi, a Decentralized Finance (DeFi) protocol for uncollateralized lending.
TrueFi works in the following ways:
Add TrueUSD (TUSD) into a TrueFi pool to be used for lending, earning interest and farming TRU. Any unused capital is sent into the Curve protocol to maximize earnings.
Borrowers (e.g. OTC desks, exchanges, and other protocols):
Submit proposals to borrow capital from the pool. They submit the amount of capital they want, the % APY they are offering, the term, and the Ethereum address that will receive the loan capital if the proposal is approved.
Borrow funds from the TrueFi pool by submitting requests subject to approval by TRU stakers who vote on these proposals. Each vote exposes participating TRU holders to upside or downside based on if the loan ends up being successfully repaid. As such, TRU stakers are incentivized to vote carefully.
Borrowers must return the principal and interest on or before their respective loan terms expire. Delinquent borrowers will face legal action pursuant to the loan agreement signed.
In the future, TRU token holders will also be able to participate in protocol governance decisions to direct the future development direction of TrueFi.