TrueFi - Cryptocurrency lending

TrueFi is like a cryptocurrency bank, but without the traditional bureaucracy. Imagine a place where you can lend your Bitcoins to other people and earn incredible interest, or borrow Bitcoins using other cryptocurrencies as collateral. TrueFi is the new way to make money with your cryptocurrencies, without worrying about market volatility. It's like having your own personal bank.

Imagine there is a platform called TrueFi that allows people to lend and borrow money using cryptocurrencies as collateral.

A user named John has $10,000 worth of Bitcoin and wants to lend it to someone else to earn interest. He creates an ad on the TrueFi platform, offering to lend his Bitcoins for 12 months at 5% interest.

Another user, named Maria, needs $5,000 to fund a project, but has no collateral. She sees Jhon's ad and decides to borrow it from him.

Maria sends $5,000 to John's wallet and, as collateral, puts her $5,000 in Bitcoin as collateral. Thus, João has the guarantee that if Maria does not repay the loan, he will be able to use these Bitcoins to cover the amount.

After 12 months, Maria pays John $5,250, including $250 in interest. Both users are happy with the deal as John earned interest and Mary got the money she needed.