Full disclosure. I am fairly new to crypto and Davy enough to have figured out how to purchase TrueFi and get it staked (which for a noob that doesn’t know people that invest in crypto is no small feet. If crypto was more accessible to us normal folk, man this would get bigger). Anyway I am the CDO for an equipment leasing/finance company and am so impressed with what TrueFi is doing.
Anyway, I really need a help with a few things and would beyond appreciate someone making the attempt. If I could I’d bake you cookies. If possible, please try to respond as basically as possible as I am teaching myself everything, which means it each let of this process like adding a token to a wallet, I’ve been winging it.
1-Is there a way to suggest a change on this board to TrueFi. I staked quite a bit of True and love it, however the gas fees are annoying. Because of that it doesn’t make sense to claim your rewards and then restate them all that often. I’d like to suggest and option where TrueFi re-stakes people’s rewards if they opt in. I imagine there would be a fee for that on the end of True for re-staking, but if enough people opt in they could just do it in buckets. It would make the returns so much more attractive for people and the only place I am staking crypto that does that is Kraken, but because of that I know it’s possible. If there is a way to suggest that, please tell me how. I also think if this was active, it would really incentivize minor investors (guys/gals/whoever with like $1000 of true to stake because if it could compound, they’d actually make up their fees if they wanted to hold long term) - I’d also like to recommend marketing this APR some or asking people with channels to do so. I’ve personally had 4 friends that don’t do this buy True and stake it when I explained the risk/reward of doing so. I believe that if more people simply knew what was being offered to TrueFi token holders through the stake alone, this would be massive and I only found out about it by doing a lot of digging after I had already invested in TrueFi because I simply loved the company and what they were trying to accomplish. I’m even considering having my company look into being whitelisted to borrow
2-With the trTUSD reward is that different that TUSD if so, where can you swap or trade those, so you can at some point sell them.
3-In my meta wallet I created a token for stTruFi. Does it in anyway hurt me that those tokens are in my wallet?
4- I can’t vote on loan applications and would very much like to. While I am a crypto newbie, I have expansive underwriting knowledge and experience. When I watched the brief TrueFi video on staking there was a box underneath where the staking information was that said “delegate your Tru” and they said to do that to vote. In my chrome browser I have no option to delegate. My page simply doesn’t have that blue box. Is there anything I can do to participate in voting
Thanks so much for reading this and for any help.