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TrustyFi is an online review platform designed for Decentralised Finance (DeFi) services, aiming to build trust through verified user feedback. It allows users to leave reviews and ratings for DeFi protocols, with verification linked to wallet connection, and rewards users for quality contributions. [1]
TrustyFi is a review platform focused on Decentralized Finance (DeFi), where users can submit ratings and written feedback about protocols and features. It distinguishes between verified and unverified reviews, prioritizing verified input by rewarding contributors with tokens and factoring their credibility into a platform's overall score. Reviews remain publicly accessible and unfiltered, with only users able to edit their content. Protocols can respond publicly or privately to reviews to address issues or clarify feedback. The platform emphasizes transparency, aiming to standardize and improve how feedback is collected and used across DeFi services. [2]
TrustyFi allows DeFi protocols to be listed on its review platform through self-registration or community-approved governance processes. Once added, protocols can claim their profile to manage their presence and access a dedicated page where users submit reviews. This governance model ensures transparent additions, while the profile page is a hub for user feedback and interaction. [6]
TrustyFi allows users to submit reviews on any registered protocol's page anytime. Verified reviews are enabled when a protocol opts into a paid plan, allowing users to connect their wallet for review validation. TrustyFi confirms these reviews by checking on-chain interactions between the user's wallet and the protocol's smart contract, ensuring that only users with actual usage experience can leave verified feedback. [6]
TrustyFi operates on a tiered subscription model, offering monthly plans for DeFi protocols based on access to different features. The basic plan encourages broad adoption, while higher-tier plans include additional services that justify staffing costs. Verified reviews are incentivized without impacting platform margins. Advertising is a secondary revenue stream, expected to grow as platform traffic increases with wider adoption. [7]
The TrustyFi token (TRST) rewards users for writing reliable and constructive reviews to improve content quality and encourage platform engagement. Companies can pay for TrustyFi services using TRST to receive discounts, increase token demand, and link business participation to the platform’s ecosystem. Users can stake the token individually or through liquidity pairs to earn passive income, promoting long-term holding. TRST also grants governance rights, allowing holders to vote on key decisions about platform development. The token supports engagement, incentivization, and decentralized decision-making across TrustyFi. [3] [5]
TRST has a total supply of 100M tokens and has the following distribution: [3] [5]