The 1st subsidized stablecoin lending protocol in DeFi

Live on Fraxtal and Sonic 🚀

Launch App

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SUPPORTED ASSETS

dUSD

sfrxUSD

sUSDe

sfrxETH

frxETH

FXB

scrvUSD

FXS

sDAI

USDe

stS

scUSD

wstkscUSD

dUSD

sfrxUSD

sUSDe

sfrxETH

frxETH

FXB

scrvUSD

FXS

sDAI

USDe

stS

scUSD

wstkscUSD

More assets coming soon!

🤌 WHAT?

dTRINITY is a new stablecoin protocol with subsidies for borrowers plus rewards for lenders and liquidity providers (LPs).

🤔 WHY?

Reduce interest expenses, amplify looping strategies, enhance yields, and earn rewards for supplying liquidity.

⏳ WHEN?

Live on Fraxtal since December 2024 and Sonic since May 2025. Expansions to Ethereum and other chains are coming soon.

🌐 WHERE?

Fraxtal L2, created by Frax Finance
Sonic, previously Fantom
Ethereum and others

dUSD and dS are decentralized stablecoins pegged to USD and S, respectively. They are fully backed by yield-bearing reserves. The reserves' yields are then used to fund ongoing interest rebates for dUSD and dS borrowers.

dLEND is a decentralized lending protocol, forked from Aave v3. Lenders can supply dUSD and dS to earn enhanced yields plus rewards. Borrowers can then supply collateral to take out subsidized loans in dUSD and dS.

dUSD and dS pools are deployed on major DEXs like Curve and SwapX to facilitate trading and liquidity, where users can swap dUSD and dS with other assets and liquidity providers can earn yields plus rewards.

HOW?

dTRINITY consists of 3 key components, inspired by Frax’s DeFi Trinity framework:

Decentralized stablecoins
Lending & borrowing protocols
External DEX pools (e.g., Curve)

POINTS PROGRAM

Lenders and LPs can earn dT Points from dTRINITY for supplying liquidity. All points will be converted to utility/ governance tokens during the token generation event within 2025 (TGE).

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GOVERNANCE

dTRINITY token holders may participate in decentralized governance of the protocol through voting post-TGE.

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FAQ

More 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, dS) — 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 and dS markets are available on , dTRINITY’s native lending protocol, as well as markets from third-party to earn . For user instructions, please refer to our.
The token generation event for dTRINITY’s utility/governance token is currently planned for the end of 2025.
The project’s contributors are stablecoin industry veterans since 2018, with core team members including the co-founders of Stably.