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What is TrueFi (TRU)? Q&A

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Binance Academy - Learn & Earn

Q: How can lenders generate yields on TrueFi?

A: All are correct.


Q: TrueFi's mission is to build what?

A: The world's most transparent and effective financial infrastructure to support the global credit market.


Q: Besides Ethereum, what other blockchain does TrueFi support?

A: Optimism


Q: What benefits does TrueFi offer its users?

A: All are correct.


Q: What benefits does TrueFi offer its users?

A: All are correct.


Q: How can TrueFi lenders exit their loan position in a TrueFi pool or portfolio?

A: Exit liquidity differs depending on the opportunity, based on specifications set by the manager


Q: What is TrueFi's native token?

A: TRU


Q: Who can loan into TrueFi pools and portfolios?

A: Each pool and portfolio has its own lender selection criteria, set by the manager


Q: What is not a function of the TrueFi credit protocol?

A: Collateralized lending


Q: What protections do TrueFi lenders enjoy against loss of capital on the protocol?

A: All are correct.


Q: TrueFi's native token is used to facilitate:

A: All are correct.


Q: Approximately how much in unsecured loans has TrueFi originated between November 2020 and December 2022?

A: $2 billion


Q: What are the benefits of launching a financial opportunity on-chain using TrueFi?

A: All are correct.

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