Q3 ’24 Pre-Launch Recap
- Minh Nguyen
- Oct 4, 2024
- 3 min read
Updated: 5 days ago
Q3 ‘24 was a crucial period of early development, community and partnership-building for dTRINITY. Upon its introduction, our project quickly captured the DeFi community’s attention and curiosity, leading to strategic support from several notable names in the space. As our team reflects on this past quarter’s achievements and gears up for mainnet launch, we are proud to have laid a strong foundation that will propel dTRINITY toward the moon in Q4 and beyond 🚀🌕
What is dTRINITY?
dTRINITY is the world’s first subsidized stablecoin protocol — a new primitive designed to supercharge DeFi markets.
The protocol features dUSD, a decentralized stablecoin fully backed by an exogenous onchain reserve of price-stable, yield-bearing assets (e.g., DAI, sDAI, FRAX, sFRAX). It is also the first demand-centric stablecoin that externalizes the underlying yield to its borrowers instead of holders/stakers.
dUSD’s reserve earnings are used to fund ongoing interest rebates for borrowers on dLEND, an Aave v3 fork. These rebates lower dUSD’s effective Borrow APR, boosting credit demand and utilization while raising lenders’ Supply APR. This, in turn, increases dUSD’s velocity on DEXs, generating more trading volume and fees for liquidity providers.
By paying users to borrow, dTRINITY is able to shift the demand curve upward, creating a higher supply-demand equilibrium that unlocks greater capital efficiency and yields for dUSD. This novel mechanism can also be applied to create subsidized crypto-pegged stablecoins (e.g., dETH), producing a similar effect to subsidized USD-pegged stablecoins.
dTRINITY is currently live on testnet. Its mainnet launch on Fraxtal L2 will take place before the end of Q4 ‘24.
Q3 Timeline
Late June
dTRINITY’s core team at GM Vietnam (June 2024)
July
dLEND, an Aave v3 fork & the money market component of dTRINITY (app.testnet.dtrinity.org)
The first dTRINITY testnet campaign (July-August 2024)
August
Won 1st place in the Fraxtal Hackathon (link)
First testnet & Galxe campaigns ended successfully (link)
Grew Discord community to 2,500+ members
Completed Pre-Seed funding round (TBA)
Started development on yieldcoin-looping strategy vaults (dLOOP)
Started partnership discussions with other yieldcoins & DeFi protocols
dTRINITY will redistribute all hackathon prizes in its future community campaigns
September
Awarded points & $5,000 in prizes to testnet campaign winners (link)
Attended the KBW2024 conference (link)
Attended the TOKEN2049 conference (link)
Secured strategic partnership with Frax (link)
Secured strategic integration with Sky (link)
Onboarded strategic advisors from Frax, Sky & Convex
Engaged Halborn & Cyberscope for smart contract audits
Q4 Roadmap
Strategic advisor announcements
Complete initial smart contract audits
Release updated documentation
Launch dTRINITY on Fraxtal mainnet
Deploy dUSD liquidity pools with FRAX on Curve
Enable looping for sFRAX, sDAI, sUSDe, and other yieldcoins
Secure more yieldcoin & DeFi partnerships
Release the 2025 roadmap
Hire an X intern (please DM us if you’re interested!)
📢 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.
