Trueo
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Protocol TVL
About Trueo
News through markets. Bounties on truth.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Trueo tokenomics and on-chain capital
Trueo's governance or utility token carries a market capitalisation of $2.2M based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($2.2M) and TVL ($1.9M) trade close together, giving a mcap/TVL multiple of 1.15× — broadly the range market participants treat as "fair" for an established DeFi protocol. A further $899.9K sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Trueo Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Oct 18, 2024Listed on DeFiLlama
Protocol Profile
Trueo is a Prediction Market protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Base. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
TVL spans 5 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Trueo is a single-chain protocol, deployed exclusively on Base — this concentrates execution risk but simplifies the trust model. TVL is comparatively balanced across networks: even the largest deployment (Base) holds only 45% of the protocol's value. Price feeds come from a single oracle provider (TruthOracle); an outage or manipulation of that feed would propagate into every market the protocol prices. Token market cap ($2.2M) and TVL ($1.9M) trade at a ratio of 1.15, in the range generally considered normal for an established DeFi protocol.
Official Resources & Links
Verified external resources for Trueo — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Prediction Market protocols on Mantapex
Trueo is one of 7 Prediction Market protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Polymarket, OPINION, Predict Fun, and 3 more. These peer protocols collectively secure $495.9M in deposits, giving you a frame of reference for whether Trueo's own TVL is at the top, middle, or tail of the category.
Treasury
Recent Trueo news
Latest reporting from major crypto news outlets covering Trueo.
- Forbes
‘True Currency'—Elon Musk's X Is Quietly Teasing A Bitcoin And Crypto Price Game-Changer
Tesla billionaire Elon Musk has teased the crypto community with his “true currency” just as his X platform gears up to “fix” crypto
- UToday
'True Strength Is Holding': Shiba Inu Message Reignites Ryoshi's Legacy
In a tweet shared with the Shiba Inu community, SHIB-focused X handle Shibizens highlights the legacy of Ryoshi, Shiba Inu's pseudonymous founder, and the tenets that shaped SHIB…
- BitDegree
Truebit Hack Lets Attacker Mint $26 Million in Tokens for Free
A vulnerability in Truebit's code enabled an attack that generated about $26 million in new tokens.
- Cointelegraph
Truebit exploit exposes smart contract flaw behind $26M token mint
Truebit lost $26 million after a smart contract overflow bug let an attacker mint tokens at near-zero cost, sending the TRU price down 99%.
- Crypto Briefing
Truebit hacker launders $26 million in ETH via Tornado Cash
The incident underscores the urgent need for enhanced security measures in DeFi to protect investor assets and maintain market stability. Truebit hacker launders $26 million in…
- Crypto news
Truebit exploit erases 99% of token value after 26 million dollar Ether theft
Truebit's TRU token crashes over 99% after a 26 million dollar Ether exploit, extending a string of major DeFi security breaches despite falling aggregate losses.
- Coinspeaker
TRU Price Crash: Token Loses All Value Post $26M Truebit Hack
Truebit's TRU token lost nearly all of its value after a $26.4 million smart contract exploit triggered a full liquidity drain.
- TheNewsCrypto
Truebit Confirms Smart Contract Exploit as TRU Price Crashes
Truebit suffered a smart contract exploit, resulting in the loss of 8,535 ETH worth $26.4 million. After the incident, the TRU token collapsed, falling nearly 100%
Related protocols
Other DeFi protocols connected to Trueo by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Prediction Market protocols
Top protocols on Base
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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