Fraxtal Testnet Campaign Guide for dTRINITY
- Minh Nguyen
- Jul 25, 2024
- 3 min read
It’s here! dTRINITY testnet is now officially open for public access. As we gear up for the mainnet launch of dTRINITY later in Q4, we invite you to join us in our Fraxtal Testnet Campaign and start earning dTRINITY Points (dT Points) today! In this article, you will find all the information you need on how to participate in the campaign, test out the application, and earn point rewards from dTRINITY.
What is dTRINITY?
dTRINITY is the world’s first subsidized stablecoin lending protocol and a brand new primitive in DeFi. The protocol is powered by dUSD, a decentralized stablecoin fully backed by an exogenous reserve of other price-stable and yield-bearing assets (e.g., FRAX, sFRAX). The yield from dUSD’s reserve is used to fund ongoing interest rebates for its borrowers on dLEND, a fork of Aave v3. Not only does this lower dUSD’s Net Borrow APY, it also boosts credit demand and utilization, generating a higher Supply APY for lenders as well.
Through subsidizing borrowers, dTRINITY effectively shifts the demand curve upward, creating a higher equilibrium of supply/demand that offers greater capital efficiency and more sustainable yields for its users.
To learn more about dTRINITY, please refer to our introduction article.
What are dT points?
The ticker “dT” represents non-transferrable loyalty points within the dTRINITY ecosystem. These points play an important role in rewarding and incentivizing users who contribute liquidity to the protocol. Upon the mainnet launch in Q4, the accumulation of dT Points will be tracked and managed through a smart contract, serving as the ledger for all points-related transactions and balances. Users can access and review their accrued dT Points via this contract or through the points dashboard in the dTRINITY interface once it’s available on mainnet.
dT Points can eventually be converted to the protocol’s governance token (TRIN) at the TGE in 2025. More details on the TRIN token and its TGE date will be announced later.
How do I participate in the Fraxtal Testnet Campaign?
The Fraxtal Testnet Campaign is designed to raise awareness about dTRINITY and gather feedback from early users to optimize protocol development before the mainnet launch. By participating in various testnet activities and completing tasks on Galxe, you can earn dT Points during the campaign which runs from July 25 until the end of August 30 (Pacific Time).
A. Complete tasks on Galxe to earn points
Stay updated on the latest dTRINITY developments by following us on X and joining our Discord community. Also, help us spread the word about dTRINITY by retweeting our campaign announcement on X.
B. Try out the app with testnet funds to earn points
Before getting started, you will first need to complete the following steps (please refer to our testnet campaign docs for more instructions):
Add Fraxtal Testnet to your wallet
Mint testnet stablecoins (dUSD)
Obtain testnet gas (frxETH)
Afterward, you can lend, borrow, swap, or LP on dTRINITY with testnet funds to earn dT Points based on the schedule below. Accrued points from testnet activities will be recorded and assigned to the same user wallet addresses on the Fraxtal mainnet.
C. Share feedback to earn points
Testnet users who actively provide feedback on their experience and report any issues through our Discord community may also earn discretionary dT Point allocations from the dTRINITY team. Join our community today and help us BUIDL the next generation of DeFi applications!
📢 Join the dTRINITY community to get the latest updates!
Website | X (Twitter) | Documentation | Discord | Blog | Other links
Disclaimer: dTRINITY is not available to residents of Canada, Iran, North Korea, Russia, the USA, the UK, and other restricted regions.
The information contained herein should not be considered legal, business, financial, or tax advice. Past performance is not indicative of future results. Digital assets and DeFi protocols carry significant risks, including the potential for complete loss of funds. By using dTRINITY, you acknowledge and accept these inherent risks. View our full Disclaimer and Terms to learn more about the risks involved.
