Liquidity providers deposit funds to the lending pool and receive a portion of the interest (supply-side fees).

TrueFi is a non-custodial lending protocol built on Ethereum offering undercollateralized loans for verified borrowers. TrueFi was founded by Rafael Cosman and launched in 2020.

TRU tokenholders own and govern the protocol. They currently take a cut of the interest and an origination fee (revenue). TrueFi’s investors include a16z, BlockTower Capital, Alameda Research etc.

github

twitter

discord

etherscan

website

Lending

TrueFi

# TrueFi Active users (daily) Methodology

## 1. Overview

The TrueFi Daily Active Users (DAU) metric measures the number of unique users who interact with TrueFi lending protocol on any given day. This metric captures user engagement across all versions of the TrueFi protocol (v1, v2, and v3) on Ethereum by counting distinct addresses that perform lending, borrowing, staking, or withdrawal activities. The calculation aggregates user interactions from pool deposits, withdrawals, and managed portfolio activities to provide a comprehensive view of daily protocol usage.

## 2. Data sources

This metric relies entirely on parsed Ethereum blockchain events from TrueFi protocol smart contracts:

- **TrueFi v1 events**: Parsed `Pool_Joined` and `Pool_Exited` events from TrueFi v1 pool contracts on Ethereum, capturing user staking and unstaking activities
- **TrueFi v2 events**: Parsed `Pool_Joined` and `Pool_Exited` events from TrueFi v2 pool contracts on Ethereum, capturing user staking and unstaking activities with protocol improvements
- **TrueFi v3 events**: Parsed `ManagedPortfolio_Deposited` and `ManagedPortfolio_Withdrawn` events from TrueFi v3 managed portfolio contracts on Ethereum, capturing lending and withdrawal activities in the newer portfolio-based system

All events include block timestamps for daily aggregation and user address parameters for unique user identification.

## 3. Step-by-step calculation

### Component A: User event normalization
- **Purpose**: Extract and standardize user addresses and activity types from different TrueFi protocol versions and event schemas
- **Logic**: Process six different event types across three TrueFi protocol versions. For TrueFi v1 and v2, extract user addresses from the `staker` parameter in `Pool_Joined` and `Pool_Exited` events. For TrueFi v3, extract user addresses from the `lender` parameter in `ManagedPortfolio_Deposited` and `ManagedPortfolio_Withdrawn` events. Classify users as 'Depositor' for joining/deposit events and 'Withdrawer' for exit/withdrawal events. Standardize all records with consistent metadata including chain ('ethereum'), market sector ('lending'), business segment ('lending'), and block timestamps.
- **Key fields**: Extract `user_address` from event-specific parameters, `block_timestamp` for daily aggregation, `user_type` classification, and protocol metadata fields

### Component B: Daily aggregation and deduplication
- **Purpose**: Count unique users per day across all TrueFi protocol activities
- **Logic**: Truncate block timestamps to daily granularity using day-level time boundaries. Apply distinct counting on user addresses within each day to ensure users are counted only once regardless of transaction volume or activity type. Preserve user type classification and other metadata for analysis dimensions. Filter data based on chain availability to ensure consistent time series.
- **Key fields**: `timestamp` truncated to daily granularity, `user_dau` containing distinct user addresses, `user_type` for activity classification

### Final aggregation
- **Combining components**: The normalized user events flow directly into daily aggregation without additional joins, as all necessary data is already extracted and standardized
- **Currency conversion**: Not applicable - this metric counts users, not monetary values
- **Time aggregation**: Daily boundaries are established by truncating block timestamps to day granularity, ensuring consistent daily user counts regardless of transaction timing within each day
- **Final calculation**: The final DAU value represents the count of distinct user addresses that performed any TrueFi protocol activity (deposit, withdrawal, staking, unstaking) on each day, aggregated across all protocol versions and activity types

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique revenue-generating users over a fixed 24-hour window.

TrueFiTRU

Active users (daily)

Active users (daily)

Competitive landscape