The dTRINITY ecosystem offers several methods to earn yields, rebates, and rewards for lenders, borrowers, and LPs. Only dUSD borrowers are eligible to receive interest rebates from dTRINITY. Protocol and network rewards will be concentrated toward LPs of dUSD on Curve and other DEXs.
Lend dUSD to Earn Yields
Suppliers of dUSD in dLEND money markets earn variable interest on their deposits over time, paid by borrowers who take out dUSD loans (minus a small spread to the protocol).
Thanks to subsidized borrowing demand, the equilibrium of average utilization for dUSD on dLEND is expected to stay elevated, leading to more sustainable yields for lenders.
Borrow dUSD to Earn Rebates
dLEND users can supply collateral to take out dUSD loans at various LTV (loan-to-value) ratios, depending on the collateral asset. Yieldcoin suppliers, in particular, may borrow at up to 80% max LTV. Borrowers need to pay raw interest expenses that are determined by dLEND’s dynamic interest rate model. However, they also receive variable interest rebates in dUSD.
As of Q4 2024, borrowers can expect to earn up to 5% APY in interest rebates based on their active dUSD loans (assuming a 1:1 ratio between the circulating dUSD supply vs. debt on dLEND). Rebates are derived from the dUSD reserve’s float earnings which fluctuate over time.
For more information about rebates, please refer to 
dUSD Stablecoin
dUSD Stablecoin Loop Yieldcoins with dUSD
Funds deposited by users in a dLOOP vault are automatically swapped on Curve for the vault's curated yieldcoin (e.g., sFRAX), which is then supplied to dLEND to borrow dUSD. The borrowed dUSD is used to acquire more yieldcoins, compounding yield generation and resupplying dLEND. This looping process is repeated multiple times to reach a target leverage ratio of 500%, maximizing both yields and interest rebates through 5X leverage. The vault also automatically rebalances over time to maintain its 5X leverage profile, optimizing returns while managing risk.
Vault depositors will receive fungible loopcoins (e.g., 5X-sFRAX) as redeemable vault receipt tokens in return, enabling them to trade or transfer the underlying positions without needing to withdraw from the vault.
LP dUSD to Earn Fees & Rewards
LPs who supply liquidity to dUSD pools on Curve (e.g., dUSD/FRAX) may earn yields/rewards from a number of different sources:
- Swap fees from traders, including from lenders and borrowers buying/selling dUSD.
- dT Points from dTRINITY, convertible for TRIN tokens upon the future TGE.
- FXTL points from Fraxtal, convertible for FXTL tokens upon the future TGE.
- FXTL points from dTRINITY (earned from Fraxtal by dTRINITY’s smart contracts).
- FXS token reward emissions from Frax (TBD - require Frax governance’s approval)
- CRV token reward emissions from Curve (TBD - require Curve governance’s approval).
dTRINITY will also partner strategically with other yieldcoin projects (e.g., Usual, Level) to create loopcoins and deploy dUSD liquidity pools on Curve for their tokens. Additional rewards from these projects (points or tokens) could then be provided to LPs on top of existing rewards.
For instructions on how to lend, borrow, loop, and LP, please visit our User Guide.