dTRINITY is a decentralized liquidity protocol designed to provide lower borrowing costs, sustainable yields, and foundational DeFi infrastructure on emerging Ethereum L2/L3 ecosystems, starting in Q3 2024 with Fraxtal, the first L2 network with native blockspace incentives.
The dTRINITY protocol consists of 3 core components along with a governance/utility token:
Stablecoin
dUSD StablecoindUSD is a decentralized USD-pegged stablecoin fully backed by an on-chain reserve of other stablecoins and yield-bearing assets. It is deployed natively on the Fraxtal L2 network and will be expanded to Ethereum as well as other L2/L3 ecosystems in the future.
dUSD is dTRINITY’s native stablecoin and unified liquidity layer. Most importantly, the float income (yield) generated from dUSD’s collateral directly benefits the dTRINITY community in the form of interest rate subsidies, enabling users of the protocol to borrow dUSD at lower interest rates than other stablecoins.
Lend/Borrow Protocol
dLEND Money MarketdLEND is a fork of the Aave v3 LBP to facilitate collateralized lending/borrowing of dUSD and other digital assets on Fraxtal. dUSD borrowing rates on dLEND are regularly subsidized to stimulate demand/utilization and generate sustainably high stablecoin yields for dUSD lenders on top of other protocol and network incentives.
Decentralized Exchange
dSWAP ExchangedSWAP is a fork of the Uniswap v3 AMM to facilitate low-friction trading of digital assets and efficient collateral liquidation for dLEND (and other LBPs) on Fraxtal. dUSD is dSWAP’s designated stablecoin base pair, and dUSD liquidity providers (LPs) may earn dUSD rewards on top of trading fees plus other protocol and network incentives.
Governance Token
TRIN is the governance/utility token of dTRINITY. In addition to providing protocol governance rights, the TRIN token is also designed to reward user loyalty and align incentives among ecosystem participants through the collaborative ve(3,3) framework.
The TRIN token will be launched on Ethereum to enable native bridging with Fraxtal and other L2 networks, with the token generation event (TGE) currently planned for 2025. Between the protocol’s debut on Fraxtal in Q3 2024 and TRIN’s TGE, a point program will be held to reward dUSD lenders and LPs on dTRINITY, with accumulated points converting to TRIN tokens during TGE.
Differentiator
dTRINITY elegantly orchestrates a DeFi flywheel through the vertical integration of dUSD with dLEND and dSWAP. Unlike major stablecoins that do not externalize their float income, dUSD prioritizes the dTRINITY community by sharing a majority of its float income as interest rate subsidies to stimulate growth and adoption for the protocol. This approach reinforces a community-centric model where the success of the protocol translates directly into enhanced value for community members as both dTRINITY and dUSD continue to scale.