TrueFi DAO: From Efficiency to Expansion

As we move into Q4 2025 and beyond, TrueFi stands leaner, more efficient, and strategically positioned for expansion

We recently published the Q3-2025 DAO report and as such wanted to share our updated vision with the broader crypto community. Over the past year, TrueFi has undergone a strategic transformation. Following a period focused on stabilizing operations, reducing costs, and rebuilding key infrastructure, the DAO is now entering a new phase centered on growth: scaling total value locked (TVL), reactivating KYC-enabled lending, and generating sustainable fee revenue.

Rebuilding the Foundation

At the start of 2025, TrueFi’s priorities were clear: rebuild essential systems, cut excess spending, and re-establish operational control. The Foundation inherited a complex and costly structure that required decisive action. Through careful resource management, vendor consolidation, and focused execution, the team succeeded in reducing expenses by roughly 75% while maintaining core development and governance functions.

This efficiency drive not only extended the DAO’s financial runway but also enabled continued progress on critical technical milestones. With the completion of the Elara codebase, the integration of Cyan on Hyperliquid, and the strategic partnership and investment in Accountable, TrueFi’s infrastructure is now primed for scalable, compliant lending activity.

The Foundation also completed a full front-end reskin, now in its final phase user acceptance testing and is on track for an October launch. This new interface will deliver a modern, intuitive user experience and reintroduce on-chain lending through KYC-enabled vaults.

Together, these efforts have set the stage for TrueFi’s next chapter: growth.

Strategic Milestones

Elara Codebase Completion

The Elara framework, TrueFi’s compliant and composable stablecoin and treasury management infrastructure, reached full code completion this quarter. With yield-distributing smart contracts, comprehensive frontend and backend implementation, and 98% test coverage, Elara has been deployed to the Sepolia testnet.

The team also completed internal security reviews and secured audit quotes from top firms and an independent security researcher. Once live, Elara will compliantly power stable income generation, support diversified collateral types, and deliver institutional-grade transparency. It represents a major step toward reestablishing TrueFi as a leader in scalable DeFi infrastructure.

Cyan Integration on Hyperliquid

The integration of Cyan with Hyperliquid marks a major step toward connecting decentralized credit markets with deep on-chain liquidity. Cyan serves as a coordination layer that links lenders, borrowers, and liquidity venues for efficient loan origination and execution. Its infrastructure allows asset owners to access liquidity while retaining upside from airdrops and future appreciation.

By enabling NFT-backed and over-collateralized lending on Hyperliquid, the integration opens a new frontier for structured credit products in decentralized finance. The team successfully bootstrapped initial liquidity for Cyan’s NFT lending markets on the HyperEVM, a segment poised for meaningful growth as DeFi credit continues to evolve.

Accountable Partnership and Investment

TrueFi’s strategic partnership and investment in Accountable reinforces the Foundation’s commitment to privacy-preserving credit infrastructure. Accountable’s zero-knowledge verification technology allows institutions to prove assets and liabilities without revealing sensitive data such as wallet addresses, trading strategies, or API keys.

This integration complements TrueFi’s long-term mission to create a transparent yet privacy-conscious credit layer for both traditional and crypto-native markets. The collaboration also expands TrueFi’s reach, enabling stronger underwriting frameworks and unlocking new opportunities for compliant, real-world lending.

Operational Discipline: The Cornerstone of Growth

Cost efficiency remains one of the Foundation’s most significant achievements this year. By centralizing vendor contracts, renegotiating key agreements, and eliminating redundant expenses, the DAO preserved financial stability while funding high-impact initiatives.

This discipline reflects a cultural shift at TrueFi. We are committed to doing more with less, measuring progress through delivery and results rather than spend. It also ensures that future growth initiatives, from KYC-enabled lending to ecosystem partnerships, are built on sustainable financial footing.

The Next Phase: Scaling TVL and Revenue

With the core infrastructure complete and operations streamlined, TrueFi’s focus now turns to measurable growth.

Reactivating KYC-Enabled Lending
With the completion of the new front-end, the Foundation plans to resume KYC-enabled lending in Q4. This unlocks participation from regulated institutions seeking compliant exposure to on-chain credit, expanding the addressable borrower base and driving new inflows of capital.

Growing Total Value Locked (TVL)
Increasing TVL remains the DAO’s most important growth metric. Through targeted business development and strategic partnerships, TrueFi aims to attract institutional and crypto-native groups to use its time-tested vaults in their borrow-lend activity.

In addition to classic credit vault TVL, we will also aim to ramp up activity on Cyan. While NFT lending today represents a departure from TrueFi’s origins, these high-margin loans are an attractive source of diversified revenue.

Generating Fee Revenue for the DAO
The reactivation of lending activity will directly translate into fee revenue, strengthening DAO self-sufficiency. As lending volumes rise, these fees will support continued development, investments, and community incentives, completing the flywheel between protocol usage and DAO growth. We look forward to sharing more about our plans here in the second half of 2026.

Elara and the Stablecoin Opportunity

Elara, the stablecoin and treasury management project owned by TrueFi, represents an additional growth lever. As the team prepares to deploy elUSD across multiple chains, we expect to see meaningful expansion in circulating supply, which should establish a stable and recurring revenue base from which the project can scale. TrueFi intends to collaborate closely with Elara, supporting its adoption and integrating its credit capabilities when it makes sense. Over time, the DAO will also explore opportunities to monetize its Elara holdings in a way that supports long-term value creation for the community.

Looking Ahead

TrueFi enters Q4 2025 with a clear mandate: move from rebuilding to scaling. The team’s near-term priorities are to launch Elara, activate compliant lending vaults, grow TVL, and begin generating consistent income for the DAO.

These efforts mark the culmination of a year defined by efficiency and delivery and the beginning of one centered on growth and sustainability.

With a lean operating model, robust infrastructure, and a growing network of partners, TrueFi is positioned to reassert itself as a leading credit layer within decentralized finance. Strategic investments in Cyan and Elara provide a healthy pipeline of diversified revenue and future investment opportunities for the DAO.