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TrueFi · closed proposal
[TIP 3] Reducing Minimum Loan Amount for Borrowers
0x8Fac…1F4c·ended 5y ago
Voters
9
TRU voted
5.89M
Token price
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AI summary
Summary pending — generation runs every 15 minutes.
Voting results
YES, Reduce Minimum to $10,0004.77M (80.9%)
NO, Keep Current Parameters1.12M (19.1%)
5.89M TRU · 9 votersblock 11664946
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · TrueFi
Original Author(s) Subhajit Ray Forum proposal - https://forum.truefi.io/t/reduce-minimum-loan-amount-for-borrowers/182
Summary: A simple proposal to reduce the minimum loan amount to 10,000 TUSD from the current 1,000,000 TUSD.
Background: This request has been put forward by borrowers and several members of our community. It will enable smaller borrowers to establish a credit history on the TrueFi platform.
Motivation: A reduction in the minimum borrowing amount would allow the community to get to know new borrowers at a much lower risk.
Specification: This proposal (if passed) will …
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