TrueFi DAO Quarterly Report
Q2 2025 Highlights and Updates
As we close the books on Q2 2025, the TrueFi DAO has taken major steps forward in product development, ecosystem growth, and operational streamlining. This quarter was about more than just hitting milestones; it was about positioning the DAO for long-term sustainability while advancing our mission as a leading decentralized credit infrastructure in the DeFi and real-world asset (RWA) space.
From the incubation of Elara Finance to a complete front-end overhaul and tighter operational controls, the Foundation has worked to deliver meaningful improvements while reducing costs and increasing execution capacity.
Product & Ecosystem Milestones
Elara Finance (formerly Polaris) soft-launched in Q2 at Consensus Toronto and has since moved closer to full mainnet release. The MVP is live on Ethereum mainnet and currently undergoing security audits, with an official public launch targeted for Q4 2025. Over the past quarter, the team focused on sourcing liquidity partners, exploring integrations, advancing technical development to ensure regulatory compliance and capital efficiency, and building out a go-to-market plan targeting institutional and crypto-native participants.
One of the largest ongoing projects is the full reskin of the TrueFi app. Additional API and data integrations, scoped with Akemona, are on track for completion by mid-September. This refresh will not only modernize the interface but also enhance portfolio analytics and improve the user experience based on direct community feedback.
We also advanced multiple ecosystem collaborations, including work with the Tron and Plasma Foundations, LayerZero for cross-chain functionality, Ethena on collateral asset partnerships, and the development of an Elara vault and market on Mopho. These relationships are being developed with a careful, staged rollout to maximize strategic impact.
Through the acquisition of Cyan, we welcomed a group of highly capable operators with a proven product in NFT lending—an area we believe is poised for significant growth. The team has several exciting deployments scheduled in the coming weeks, which should help extend our reach into new lending markets. Over time, we aim to explore ways of integrating this capability into TrueFi, where NFTs could function as bearer certificates for RWA ownership, although that vision remains further down the road. We also made a small but strategically important investment in a promising lending protocol expected to contribute to TVL in the near term. 👀
Operational Progress
The Foundation continued to run a lean operational model while strategically adding capacity in key areas. A Head of Strategy joined in June to align execution with long-term goals, a new Developer strengthened engineering bandwidth, and a Community Manager was onboarded in July to boost engagement. This targeted approach ensures we remain nimble while expanding capabilities where they matter most.
We transitioned from relying on external junior development to having a dedicated Lead Engineer overseeing DAO product work. This has accelerated delivery timelines and improved backlog management, with priority given to the reskin and ecosystem expansion before addressing non-critical technical debt.
On the governance and compliance front, we restructured and directly assumed IT infrastructure contracts (including GitHub, GitBook, Cloudflare, and Netlify) from Archblock. This move improves cost oversight and reduces dependency on intermediaries. We also initiated the Board restructuring process for the BVI Foundation ahead of Q3 elections and facilitated the resolution of a long-standing matter involving a Tier 1 exchange, preserving brand integrity and institutional relationships.
The Foundation continues to consolidate functions previously handled by external service providers. By bringing more of these capabilities in-house, we expect to see greater accountability, stronger alignment with DAO priorities, and reduced costs, with early signs of all three already visible.
Financial Stewardship
Maintaining fiscal discipline remained a core focus in Q2. The DAO made progress in streamlining expenses, prioritizing budget allocation toward mission-critical initiatives, and ensuring that every major spend is directly tied to product delivery or long-term strategic positioning.
Budgets for the coming quarters have been structured to match both operational requirements and the updated contributor structure. The Foundation maintained active budget-to-actual monitoring for all workstreams, allowing for quick adjustments where needed. This approach ensures that resources are deployed with maximum efficiency, and that surplus capacity can be reallocated to accelerate timelines without requesting unnecessary additional funding.
Lessons learned from this quarter’s work with service providers have also reinforced the importance of predictable and transparent treasury management. The team is exploring more consistent payment structures to reduce exposure to token price volatility, providing a more stable basis for long-term planning.
DAO Governance & Community
TrueFi’s governance framework remains a cornerstone of our decentralized model. TRU token holders govern through staking (stkTRU) and proposal voting on platforms like Tally. Open proposal discussions occur on the TrueFi Forum, with an active delegate system to streamline participation. The TrueFi Improvement Proposal (TIP) process ensures transparent lifecycle management from discussion to execution.
On the community side, we reactivated the TrueFi Blog with a steady cadence of DAO reports, proposals, and long-form content. The addition of a Community Manager role will further enhance engagement across platforms like Telegram and X.
Looking Ahead: Q3–Q4 2025 Priorities
The next two quarters will see a strong push toward finalizing and launching Elara, executing its marketing and sales strategy, and attracting significant TVL. The refreshed TrueFi interface and analytics tools are also scheduled for release, marking a major step forward in usability and transparency. We will continue to deepen partnerships and integrations to broaden protocol reach, while refocusing on business development to onboard new borrowers and generate fee revenue.
Q2 2025 was a quarter of disciplined execution, strategic pivots, and laying the groundwork for growth. By streamlining operations, advancing product delivery, and deepening our ecosystem ties, the TrueFi DAO is well-positioned to capture opportunities in the rapidly evolving DeFi and RWA markets. The months ahead promise significant product releases, enhanced community engagement, and the continued evolution of TrueFi’s role as the credit infrastructure for decentralized finance.
We encourage all community members to stay engaged, participate in governance, and help shape the next phase of TrueFi’s journey.