The aim of this paper is to introduce a formal system STW of self-referential truth, which extends the classical first-order theory of pure combinators with a truth predicate and certain approximation axioms. STW naturally embodies the mechanisms of general predicate application/abstraction on a par with function application/abstraction; in addition, it allows non-trivial constructions, inspired by generalized recursion theory. As a consequence, STW provides a smooth inner model for Myhill's systems with levels of implication.