I outline a new version of deflationism about truth, a /metaphysical transparency theory/. I argue that this theory enjoys two sources of support. First, it simultaneously accommodates two powerful intuitions about truth. The /correspondence intuition/ holds that, e.g., it is true that there are human beings in virtue of there being human beings; the /transparency intuition/ holds that its being true that there are human beings nonetheless “adds nothing” to there being human beings, in a sense badly in need of explication. The metaphysical transparency theory captures both of these intuitions, while offering an account of the (entirely bearable) lightness of truth that is as clear as the notion of one fact’s obtaining in virtue of another. The second source of support is that the theory solves certain puzzles concerning how truth ascriptions are grounded.