Dear TrueFi Community,
As the Board of Directors, we’d like to take a moment to reaffirm the purpose of this forum and share a few important updates on the protocol’s progress.
TrueFi is a decentralized and community-driven project. As such, this forum plays a central role in facilitating transparent governance, stakeholder engagement, and meaningful discussion about the direction of the protocol. We encourage open communication, constructive debate, and critical feedback. This is especially true when it helps improve the protocol.
However, in recent days, we’ve seen a number of posts that do not reflect the spirit of this community. These include random personal loan requests, aggressive and inappropriate commentary, and repeated personal attacks. While we are tolerant of strong opinions and disagreement, we cannot allow disrespectful or disruptive behavior to dominate this space.
To that end, we’ve made the decision to remove a participant from the forum following multiple attempts to de-escalate the situation. This is not something we take lightly. Unfortunately, efforts to engage in open and responsible dialogue were unsuccessful, and the tone and content of that engagement risked undermining the integrity of our governance process. Public forums are discoverable by anyone exploring the protocol, and the quality of conversation here shapes how TrueFi is perceived by potential users, partners, and contributors.
Let us be clear: disagreement is welcome, disrespect is not. We will always listen to concerns and critique, provided it is offered in a manner that respects others’ efforts, time, and intentions. Many individuals—contributors, community members, and partners—are working hard to build something meaningful here. We ask that all participants in this forum engage in good faith and with mutual respect.
Protocol Updates
Despite some turbulence in the broader market and community discourse, the protocol continues to advance in line with our vision. A few updates worth noting:
- Elara remains a core priority: a yield-bearing stablecoin designed to meet demand for stable, US dollar–denominated yield outside the U.S. While recent U.S. legislation (such as the Genius Act) has introduced new limitations, Elara was always intended for markets with clearer regulatory pathways and robust demand. We remain confident in this direction.
- We have recently acquired technology and team members from Cyan, which we believe will significantly accelerate product development and innovation within the protocol. More to come here soon!
- The front-end is undergoing a major redesign, with significant progress already made. We look forward to sharing demo materials with the community imminently and anticipate a public launch in the coming months.
- On the lending and borrowing side, we’re in advanced conversations with a number of prospective partners that could represent meaningful growth for the protocol.
We remain focused on building a sustainable, decentralized credit protocol. The road isn’t always easy, but we’re encouraged by the steady progress and the commitment of the core contributors and community members alike.
Thank you to everyone who continues to show up constructively, challenge ideas thoughtfully, and help move TrueFi forward. Let’s keep building.
On behalf of the Board,
The TrueFi Directors