TrueFi for September ‘22: Q4 Protocol Roadmap, Introducing Archblock, and Core DAO Contributors
September brings big changes to protocol design, governance, and progress on decentralization. Dive in below.
TrueFi’s top 5 moments for September 2022:
TrueFi’s next big update targets institutional adoption. Read the roadmap.
TrueFi further decentralizes as TrustToken rebrands to Archblock, with institutional focus & experienced CEO
With the TrueFi Foundation launched & approved, a proposal to assemble the DAO’s first core contributors and budget is live.
TrueFi’s NFT drop is complete, with thousands of new friends on Twitter & Discord.
TrueFi made a big splash at ETH Warsaw, team now in NY for major crypto events.
Read on for all the TrueFi news across governance, recent content, events and more below:
TrueFi in Q4: Better DeFi Legos & Institutional Improvements
In spite of rocky credit markets, TrueFi has weathered the ‘22 crypto storm soundly, all while working towards bringing in new liquidity and improving our underlying infrastructure. In the final quarter of the year, we’re putting this momentum towards bringing TrueFi’s lending products closer to feature parity with offerings found in traditional finance.
With structured portfolios that can attract capital from a variety of risk profiles, new credit vaults that can be easily integrated by other protocols, and improved fee structures and utility for TRU, TrueFi is being designed to take new institutional inflows from traditional finance and DeFi alike. With time, we’re confident these changes will make TrueFi core infrastructure for global lending.
Read into our Q4 Roadmap here, and listen to some of the key features described in September’s TrueFi Town Hall here.
TrustToken, Core TrueFi Contributor, Rebrands to Archblock with Focus on Institutional Adoption
TrustToken, which incubated the TUSD stablecoin & the TrueFi credit protocol, is doubling down on institutional adoption as part of a rebrand to Archblock, and elevating former Chief Product Officer Ryan Christensen to CEO. The team will continue making major contributions to TrueFi, with a focus on Total Value Outstanding, by becoming the bridge to institutional investors.
Read the full news on Blockworks or check out the official announcement here.
TrueFi Foundation Live, Core DAO Contributors in Discussion
In a major motion for TrueFi decentralization, TRU holders have approved the formal launch of the DAO-managed TrueFi Foundation, based in the British Virgin Islands, staffed by an elected board, and home to many of TrueFi’s legal agreements, intellectual property, and licenses.
The next great discussion is underway for TrueFi’s first batch of DAO core contributors, focused on the future business & engineering needs of the protocol. Review the proposal in the forum.
Truly Optimistic NFT Drop Complete
TrueFi’s community has absolutely exploded since our NFT drop. With more than 51,000 new followers on Twitter, +20,000 new contributors on Discord, and over 13,000 free mints of the NFT to date, we’re thrilled by the success of the campaign - and so glad to have so many of you joining us. Welcome to TrueFi, SuperTRUpers.
Coming next for NFT holders: ticket offers to ETH Warsaw in Poland & DevCon in Colombia, our first TrueFi Discord AMA (with TRU drops for participants!), and TrueFi swag - all in our exclusive #nft-vip Discord channel, for NFT holders only!
TrueFi Takeover in Poland at ETHWarsaw
TrueFi took EthWarsaw by storm, and it was a smashing success! We partnered with ETH Warsaw as the main sponsor for the city’s biggest ETH Conference and Hackathon, all which went down September 1st - 4th. We have an entire recap of the event here.
Upcoming Events:
⚖️ Prestel and Partner Family Conference: Oct 11-12
🇨🇴The team is headed to Bogota for Devcon, October 11-14 see you there!
🌊 TrueFi is an official BitGo #ActivateDevCon partner! Find us 10/25 in the Bay Area
🙋♂️ Meet the TrueFi team at Money2020 Oct 23-26
Governance Updates
Governance Update w dYdX: TrueFi is proposing a 4-month trial of lines of credit for up to 20 borrowers. The trial will operate with 1.26M $DYDX tokens from the dYdX Community Treasury as a subsidy to the real interest rate the borrowers pay.
Establishing the TrueFi Foundation: Creation of the TrueFi Foundation and transfer of assets and IP to the TrueFi DAO.
SushiSwap Liquidity Pool Refill: The TRU/ETH LP has been refilled on SushiSwap, fill up on those sweet sweet rewards.
YouTube: Watch September’s TrueFi Town Hall here.
Podcast: Rafael Cosman sits in on Hash Rate with Mark Jeffrey, discussing all things TrueFi. Watch the replay here.
Podcast: Rafael Cosman sits in on Blockchain & Booze with Alon Goren
Spotify: Catch all of the TrueFi Podcasts in one place.