bitcoin
bitcoin

$101358.227156 USD

-4.37%

ethereum
ethereum

$3694.835734 USD

-5.48%

tether
tether

$0.999506 USD

-0.04%

xrp
xrp

$2.370487 USD

-8.07%

bnb
bnb

$698.318883 USD

-4.04%

solana
solana

$207.848780 USD

-7.41%

dogecoin
dogecoin

$0.363202 USD

-8.85%

usd-coin
usd-coin

$1.000026 USD

0.01%

cardano
cardano

$0.988916 USD

-7.10%

tron
tron

$0.261895 USD

-7.63%

avalanche
avalanche

$43.919616 USD

-9.79%

chainlink
chainlink

$25.727307 USD

-8.33%

shiba-inu
shiba-inu

$0.000025 USD

-7.62%

toncoin
toncoin

$5.502795 USD

-6.15%

sui
sui

$4.422261 USD

-4.79%

Cryptocurrency News Articles

dTRINITY, a Next-Generation Stablecoin Liquidity Protocol, Announces Mainnet Debut on the Fraxtal Layer-Two Network

Dec 19, 2024 at 03:37 am

The platform is designed to lower interest expenses and improve yields for stablecoin users, addressing the key challenge of rising credit costs in DeFi.

dTRINITY, a Next-Generation Stablecoin Liquidity Protocol, Announces Mainnet Debut on the Fraxtal Layer-Two Network

Stablecoin liquidity protocol dTRINITY has announced its mainnet debut on the Fraxtal layer-two network.

The platform is designed to lower interest expenses and improve yields for stablecoin users, addressing the key challenge of rising credit costs in decentralized finance (DeFi). At the core of dTRINITY is a protocol-native stablecoin (dUSD), which serves as the unified liquidity layer between its money markets (dLEND, an Aave version three fork) and external liquidity pools (e.g., Curve).

dUSD is backed one-to-one by an on-chain collateral reserve consisting of stablecoins such as USDC, FRAX and DAI, as well as yield coins like sFRAX and sDAI. Exogenous yields from the reserve are redirected to fund ongoing interest rebates for dUSD borrowers on dLEND, based on their outstanding debts, which reduces the effective borrowing cost.

This mechanism not only stimulates borrowing demand but also drives more sustainable utilization and yields for dUSD lenders. dTRINITY is launching on Fraxtal as its genesis network in a strategic collaboration with Frax to optimize ecosystem liquidity and user incentives. Fraxtal is an EVM-equivalent rollup with a scalable smart contract platform and efficient execution environment powered by the OP stack.

Users can take advantage of Fraxtal’s fast transaction speed, low gas fees, robust network security and unique blockspace rewards, further enhancing their benefits. In the near future, dTRINITY plans to expand to Ethereum and other emerging blockchains, strengthening cross-chain liquidity and interoperability with Fraxtal as the network scales.

dTRINITY’s core contributors include the co-founders of Stably. The project has been in development since Q2 2024 and secured first place at both the ETHVietnam and Fraxtal Hackathons earlier this year. Strategically, dTRINITY is advised by the co-founders of Frax, Convex, Sky (formerly MakerDAO), Coin98 and Promontory Partners, bringing a wealth of expertise from leading stablecoin and DeFi pioneers to the protocol’s development.

For more information, users can visit the website and follow dTRINITY on X. dTRINITY is not available to residents of Belarus, Canada, Cuba, Haiti, Iran, Myanmar, North Korea, Russia (including Crimea), Somalia, South Sudan, Syria, the USA, the UK, Venezuela and other prohibited jurisdictions.

The information contained herein should not be considered legal, business, financial or tax advice. Past performance is not indicative of future results. Digital assets and DeFi protocols carry significant risks, including the potential for loss of funds.

Users should conduct their own research and seek professional advice before interacting with digital assets and DeFi protocols.

News source:dailyhodl.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Dec 19, 2024