TrueFi Trinity 协议揭晓：提高链上现实世界资产借贷的资本效率

TrueFi 推出了 Trinity，这是一种旨在提高链上现实世界资产 (RWA) 资本效率的协议。 Trinity 利用以美元为基础的 TRI 代币，以抵押资产为后盾，促进杠杆收购和风险对冲。用户可以使用抵押品铸造 TRI，将其交换为稳定币，然后重复该过程以放大收益，可能赚取高达 15-20% 的收益。或者，TRI 可以存入 sTRI 金库以获得收益或在二级市场上进行交易。

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

TrueFi 推出 Trinity 协议以提高链上现实世界资产的资本效率

Introduction

介绍

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.

去中心化信贷协议 TrueFi 引入了 Trinity 协议，这是一种旨在提高链上现实世界资产 (RWA) 资本效率的新颖机制。这一创新协议利用以抵押资产为担保的美元支持的 TRI 代币，以促进用户增强杠杆和风险对冲能力。

TRI Token and Collateralization

TRI 代币和抵押

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 是一种代币化的短期美国国库券产品，将作为 TRI 的首个抵押资产支持。此外，其他 TrueFi 池、来自不同协议的 RWA 以及加密原生资产将来可能会被纳入抵押品。

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%.

用户可以利用 tfBill 或其他符合条件的资产作为抵押品在 Trinity 上铸造 TRI。随后，他们可以通过自动做市商（AMM）将 TRI 兑换成稳定币。此过程使用户能够通过智能合约（容器）铸造额外的 TRI，借入 TRI 中高达 92% 的贷款价值比率，再次将其兑换为稳定币，然后重复该序列。最终，这个迭代过程使用户有可能产生 15% 到 20% 的净收益。

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，用户可以购买 TRI 以换取稳定币，并将其存入 sTRI 金库，从而赚取“预计接近或超过国库券利率”的收益。 TRI 也可以在二级市场上交易。

On-Chain RWA Market Dynamics

链上RWA市场动态

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.

据 TrueFi 称，链上 RWA 市场于 2022 年 4 月达到顶峰，贸易公司未偿还贷款达数亿美元。然而，此后市场已收缩至峰值水平的约三分之一。

Trinity Protocol Deployment

Trinity协议部署

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 测试网上运行。审核完成后，将选择初始用户。最初推出的版本预计将拥有 4000 万美元的 TRI 铸币上限。

Potential Coinbase Base Integration

潜在的 Coinbase 基础整合

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 层 Base 网络上启动 Trinity 的可能性。然而，根据“最保守的初始部署”，美国用户将被排除在外。 Base 维护着大约 150,000 个经过验证的地址，可以证明非美国居民身份并促进机构白名单。

TrueFi's Track Record

TrueFi 的业绩记录

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

TrueFi 于 2020 年推出了其初始协议，截至 2021 年已发放了 10 亿美元的贷款。

Conclusion

结论

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 协议代表了链上 RWA 借贷领域的重大进步。通过利用 TRI 代币并启用创新的抵押机制，Trinity 为用户提供了增强的杠杆和风险管理能力，从而释放了产生大量收益的潜力。随着链上 RWA 市场的不断发展，Trinity 准备在推动其增长和效率方面发挥关键作用。