TrueFi is a DeFi credit protocol that promotes unsecured lending. It provides term, unsecured (unsecured) loans to vetted institutional borrowers. Loans are backed by on-chain credit scores and agreements are managed by TRU token holders.

TrueFi launched the industry's first encrypted credit score on a native chain. TrueFi's model provides an objective credit score that is publicly displayed in a borrower's profile by measuring many on-chain and off-chain factors, with scores ranging from 0 (no data) to 255 (highest possible score), as well as future plans to integrate and fully automate other DeFi lending markets.

1. Company background, including compliance, legal, accounting and regulatory health, and review of company structure;

2. Repayment history, starting with TrueFi and eventually expanding beyond it;

3. Operational and trading history, taking into account both crypto and traditional financial experience;

4. Assets under management, taking into account the type of assets and their custody;

5. Credit indicators, including asset coverage, leverage, liquidity and risk exposure;

although the on-chain credit model is still in its infancy today, there is no doubt that in the DeFi market where mortgage lending is widely adopted, Unsecured credit has brought some innovations to the market.