[PR] dTRINITY Integrates Sky’s USDS to Access Endgame Benefits

Minh Nguyen
Sep 20, 2024
2 min read

SINGAPORE (September 20, 2024) — dTRINITY, a next-generation liquidity protocol that offers subsidized stablecoin loans, is thrilled to announce its plan to support the Endgame Initiative from Sky (formerly MakerDAO). By integrating Sky’s Endgame features, dTRINITY aims to accelerate the adoption of decentralized stablecoins, reduce borrowing costs, and enhance yield opportunities across DeFi.

At the heart of the integration lies USDS, Sky’s newly introduced stablecoin. USDS is the upgradable version of DAI — the world’s largest decentralized stablecoin — offering users the option to convert their existing tokens into USDS at a 1:1 ratio. Similar to DAI, users of USDS can access the Sky Savings Rate (SSR), i.e., collateral-based yields, and Sky Token Rewards (STRs), i.e., SKY governance tokens and future tokens from other sub-protocols within its ecosystem. As Sky continues to evolve, more sub-protocols are expected to be introduced, enabling users to maximize their savings and rewards non-custodially without sacrificing capital mobility.

As one of the first advanced DeFi projects to support Sky’s Endgame Initiative, dTRINITY will integrate USDS as a core reserve asset for its protocol-native stablecoin, dUSD. Set to launch in Q4 ‘24 on Fraxtal, dTRINITY will let users mint dUSD by locking USDS at a 1:1 ratio which will be staked by the protocol with Sky as sUSDS, the liquid yield-bearing version of USDS. dUSD can then be utilized for trading and yield generation through liquidity provision on various DEXs (e.g., Curve) or by supplying it to dTRINITY’s lending protocol. Most importantly, yields from the sUSDS reserves will fund ongoing interest subsidies (rebates) for dUSD borrowers, effectively reducing their net interest expenses while offering a more capital-efficient medium of leverage.

“This is more than just an integration with Sky; it’s a vision for the future of DeFi,” said David Zhang, Core Contributor at dTRINITY. “By combining our strengths with Sky, we are reimagining the very foundation of DeFi where exogenous subsidies drive sustainable demand, leading to enhanced utilization and better yield opportunities for everyone.”

Rune Christensen, Co-Founder of Sky, echoed this sentiment, adding, “One of Endgame’s objectives is to serve as a catalyst for innovation and collaboration within the decentralized stablecoin space. Together with dTRINITY and more projects to come, we are building a future where DeFi isn’t just an alternative to TradFi — it’s the preferred choice for users worldwide.”

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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.