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TrueFi · closed proposal
[TIP 2] Changing Loan the Origination Fee
0x8Fac…1F4c·ended 5y ago
Voters
5
TRU voted
2.61M
Token price
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AI summary
Summary pending — generation runs every 15 minutes.
Voting results
YES, 1.5% Annualised Fee0 (0.0%)
YES, 1.2% Annualised Fee457.24K (17.5%)
YES, 3% Annualised Fee978.97K (37.5%)
NO, discuss further in forums1.17M (45.0%)
2.61M TRU · 5 votersblock 11664969
🐳 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/changes-to-the-current-origination-fee-structure/132
Summary: The idea is to make the origination fees a function of term which removes the disincentive against shorter term loans.
Based on the initial polling done on the forums, TRU holders are open to adding a fixed fee which is irrespective of term along with a variable rate which does depend on the term of the loan.
Background: Currently the TrueFi protocol charges a flat fee of 0.25% as loan origination fees. It does not take into account the term period of the…
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