TrueFi Trinity 協議揭曉：提高鏈上現實世界資產借貸的資本效率

TrueFi 推出了 Trinity，這是一項旨在提高鏈上現實世界資產 (RWA) 資本效率的協議。 Trinity 利用以美元為基礎的 TRI 代幣，以抵押資產為後盾，促進槓桿收購和風險對沖。用戶可以使用抵押品鑄造 TRI，將其交換為穩定幣，然後重複該過程以放大收益，可能賺取高達 15-20% 的收益。或者，TRI 可以存入 sTRI 金庫以獲得收益或在二級市場上進行交易。

TrueFi Unveils Trinity Protocol to Enhance Capital Efficiency of On-Chain Real-World Assets

TrueFi 推出 Trinity 協議以提高鏈上現實世界資產的資本效率

Introduction

介紹

Decentralized credit protocol TrueFi has introduced the Trinity protocol, a novel mechanism designed to augment the capital efficiency of on-chain real-world assets (RWAs). This innovative protocol leverages a dollar-backed TRI token, secured by collateral assets, to facilitate enhanced leverage and risk hedging capabilities for users.

去中心化信貸協議 TrueFi 引入了 Trinity 協議，這是一種旨在提高鏈上現實世界資產 (RWA) 資本效率的新穎機制。這項創新協議利用以抵押資產為擔保的美元支持的 TRI 代幣，以促進用戶增強槓桿和風險對沖能力。

TRI Token and Collateralization

TRI 代幣和抵押

The interest-bearing tfBILL, a tokenized short-term United States Treasury bill product, will serve as the inaugural collateral asset backing TRI. Additionally, other TrueFi pools, RWAs from diverse protocols, and crypto-native assets may be incorporated as collateral in the future.

有息 tfBILL 是一種代幣化的短期美國國庫券產品，將作為 TRI 的首個抵押資產支持。此外，其他 TrueFi 池、來自不同協議的 RWA 以及加密原生資產將來可能會被納入抵押品。

Leveraging TRI

利用 TRI

Users can mint TRI on Trinity by utilizing tfBill or other eligible assets as collateral. Subsequently, they can swap TRI for stablecoins via an automated market maker (AMM). This process enables users to mint additional TRI through a smart contract (vessel), borrow up to 92% of the loan-to-value ratio in TRI, exchange it for stablecoins once more, and repeat the sequence. Ultimately, this iterative process allows users to potentially generate net yields ranging from 15% to 20%.

使用者可以利用 tfBill 或其他符合條件的資產作為抵押品在 Trinity 上鑄造 TRI。隨後，他們可以透過自動做市商（AMM）將 TRI 兌換成穩定幣。此過程使用戶能夠透過智慧合約（容器）鑄造額外的 TRI，借入 TRI 中高達 92% 的貸款價值比率，再次將其兌換為穩定幣，然後重複該序列。最終，這個迭代過程使用戶有可能產生 15% 到 20% 的淨收益。

Alternative TRI Utilization

替代 TRI 利用

Alternatively, users may acquire TRI in exchange for stablecoins and stake it within the sTRI vault, thereby earning fees for a yield "anticipated to approximate or surpass T-bill rates." TRI can also be traded on secondary markets.

或者，用戶可以購買 TRI 以換取穩定幣，並將其存入 sTRI 金庫，從而賺取「預計接近或超過國庫券利率」的收益。 TRI 也可以在二級市場上交易。

On-Chain RWA Market Dynamics

鏈上RWA市場動態

According to TrueFi, the on-chain RWA market reached its zenith in April 2022, with hundreds of millions in outstanding loans to trading firms. However, the market has since contracted to approximately one-third of its peak level.

據 TrueFi 稱，鏈上 RWA 市場於 2022 年 4 月達到頂峰，貿易公司未償還貸款達數億美元。然而，此後市場已收縮至峰值水平的約三分之一。

Trinity Protocol Deployment

Trinity協定部署

Trinity is currently operational on the Optimism Sepolia testnet. Upon completion of an audit, initial users will be selected. The initial launch version is expected to have a $40 million TRI mint cap.

Trinity 目前在 Optimism Sepolia 測試線上運行。審核完成後，將選擇初始使用者。最初推出的版本預計將擁有 4000 萬美元的 TRI 鑄幣上限。

Potential Coinbase Base Integration

潛在的 Coinbase 基礎整合

TrueFi is exploring the possibility of launching Trinity on Coinbase's layer-2 Base network. However, under the "most conservative initial rollout," U.S. users would be excluded. Base maintains approximately 150,000 verified addresses that can attest to non-U.S. residency and facilitate institutional whitelisting.

TrueFi 正在探索在 Coinbase 的第 2 層 Base 網路上啟動 Trinity 的可能性。然而，根據“最保守的初始部署”，美國用戶將被排除在外。 Base 維護約 150,000 個經過驗證的地址，可以證明非美國居民身份並促進機構白名單。

TrueFi's Track Record

TrueFi 的業績記錄

TrueFi introduced its initial protocol in 2020 and has since originated $1 billion in loans as of 2021.

TrueFi 於 2020 年推出了其初始協議，截至 2021 年已發放了 10 億美元的貸款。

Conclusion

結論

TrueFi's Trinity protocol represents a significant advancement in the realm of on-chain RWA lending. By leveraging the TRI token and enabling innovative collateralization mechanisms, Trinity empowers users with enhanced leverage and risk management capabilities, thereby unlocking the potential for substantial yield generation. As the on-chain RWA market continues to evolve, Trinity is poised to play a pivotal role in driving its growth and efficiency.

TrueFi 的 Trinity 協議代表了鏈上 RWA 借貸領域的重大進步。透過利用 TRI 代幣並啟用創新的抵押機制，Trinity 為用戶提供了增強的槓桿和風險管理能力，從而釋放了產生大量收益的潛力。隨著鏈上 RWA 市場的不斷發展，Trinity 準備在推動其成長和效率方面發揮關鍵作用。