dTRINITY ETH (dETH) is a decentralized stablecoin deployed natively on Katana Chain. It is fully backed by a non-custodial reserve of Ethereum (ETH) and ETH-based LSTs. Built on the ERC-20 standard, each dETH token is soft-pegged to 1 ETH—backed by at least 1 ETH worth of collateral. dETH can be minted permissionlessly via smart contracts with no fees (excluding gas). dETH can be redeemed permissionlessly with a fee.