SUPPORTED ASSETS
dUSD
sfrxUSD
sUSDe
sfrxETH
frxETH
FXB
scrvUSD
FRAX
sDAI
USDe
dS
S
stS
scUSD
wstkscUSD
PT-aUSDC
PT-wstkscUSD
wOS
WETH
scETH
wstkscETH
dUSD
sfrxUSD
sUSDe
sfrxETH
frxETH
FXB
scrvUSD
FRAX
sDAI
USDe
dS
S
stS
scUSD
wstkscUSD
PT-aUSDC
PT-wstkscUSD
wOS
WETH
scETH
wstkscETH
More assets coming soon!
SUPPORTED ASSETS
FRAX
frxUSD
sfrxUSD
frxETH
sfrxETH
FXBs
USDe
sUSDe
scrvUSD
DAI
🤌 WHAT?
dTRINITY is a new stablecoin protocol with subsidies for borrowers and rewards for lenders + LPs.
🤔 WHY?
A new DeFi primitive designed to lower borrowing costs, enhance yields, and accelerate on-chain credit velocity.
⏳ WHEN?
Live since December 2024. Token generation event (TGE) is planned for 2026.
🌐 WHERE?
-
Fraxtal L2, created by Frax Finance
-
Katana, incubated by Polygon Labs & GSR
-
Ethereum and others
HOW?
dTRINITY consists of 3 key components, inspired by Frax’s DeFi Trinity framework:
dUSD is protocol-issued stablecoins pegged to USD, respectively.
dUSD is fully backed 1:1 by yield-bearing reserves. Reserve earnings are redirected as rebates to dUSD borrowers to reduce their interest expenses.
Lenders can supply dUSD to dLEND, dTRINITY native lending marketplace, to earn boosted yields and rewards.
Users can then borrow dUSD to
earn ongoing interest rebates, effectively subsidizing their borrowing costs.
dUSD pools are deployed on major DEXs like Curve to facilitate trading and liquidity.
Users can swap dUSD with other asset on-chain. LPs can also provide liquidity to earn pool fees and rewards.
HOW?
dTRINITY consists of 3 key components, inspired by Frax’s DeFi Trinity framework:
dUSD is protocol-issued stablecoin pegged to USD, respectively.
dUSD is fully backed 1:1 by yield-bearing reserves. Reserve earnings are redirected as rebates to dUSD borrowers to reduce their interest expenses.
WHO?
dTRINITY provides the ideal platform for:
Lenders & Borrowers
YBS & LST Loopers
Liquidity Providers
OUR ADVISORS
Thanh Le
Co-founder of Coin98
Rune Christensen
Co-founder of Sky
Sam Kazemian
Co-founder of Frax Finance
C2tP
Co-founder of Convex Finance
Winthorpe
Co-founder of Convex Finance
FAQ
dTRINITY (short for "DeFi Trinity") is the world's first subsidized stablecoin protocol—a new DeFi primitive designed to supercharge on-chain credit markets. The protocol features a suite of decentralized stablecoins (e.g., dUSD)—each fully backed by exogenous, yield-bearing reserves. Unlike traditional models that reward passive holders or stakers on the supply side, dTRINITY redirects reserve earnings to stablecoin borrowers on the demand side—effectively paying users to borrow. This novel mechanism creates a higher supply-demand equilibrium, unlocking greater yields and capital efficiency for stablecoin users.
Subsidies are funded exogenously by yields from stablecoin collateral reserves. They are distributed to borrowers of protocol-issued stablecoins as interest rebates, which are claimed separately—not auto-applied toward debt repayment. Borrowers are still charged a gross Borrow APY on active debt.
Subsidizing borrowers lower their net Borrow APY, leading to more credit demand and utilization. This, in turn, raises the Supply APY for lenders, creating a win-win dynamic for both sides of the market.
dUSD market is available on dLEND, dTRINITY’s native lending protocol and more TBD.
The token generation event for dTRINITY’s utility/governance token is currently planned for 2026.
The project’s contributors are stablecoin industry veterans since 2018, with core members including the co-founders of Stably.