TrueFi (TRU) is now available on DeFi Swap. Liquidity Providers (LPs) can enjoy Swap-fee sharing and boost their yield by up to 20x when staking CRO.
Receive bonus yield paid for in TRU when providing liquidity for TRU
From 25 November 2020 to 8 December 2020, receive bonus yield paid for in TRU when providing liquidity for TRU. A total of 100,000 TRU will be shared over this period, with 50,000 TRU to be distributed per week. Rewards are determined based on the daily average percentage share in TRU pools (TRU/CRO and TRU/ETH available today). Bonus TRU yield can be harvested in T+7 days.
View a guide on how to provide liquidity here:
TrueFi aims to bring uncollateralized lending to DeFi, helping lenders access attractive and sustainable rates of return, while giving borrowers predictable loan terms without the need for collateral. Lenders deposit TrueUSD into a TrueFi pool to be used for lending, earning interest, and farming TRU, where unused capital is sent to the Curve protocol to maximize earnings. Borrowers submit proposals to borrow capital from the pool, which includes the amount of capital they are requesting, the APY they can offer, the term, and the Ethereum address that will receive the loan.
TRU joins a growing list of supported tokens on DeFi Swap, including CRV (Curve DAO), Aave (AAVE), NEST Protocol (NEST), REN (REN), UMA (UMA), Swerve (SWRV), Harvest Finance (FARM), Uniswap (UNI), Wrapped Bitcoin (WBTC), Yearn Finance (YFI), (Wrapped) Ether (WETH), Tether (USDT), USD Coin (USDC), Dai (DAI), Chainlink (LINK), Compound (COMP) and Crypto.com Coin (CRO).