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TrueFi Launches Trinity Protocol with Dollar-Based TRI Token for Enhanced RWA Trading

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Cointelegraph
543Words
Mar 25, 2024

Decentralized credit protocol TrueFi has launched the Trinity protocol, aiming to enhance the capital efficiency of on-chain real-world assets (RWA) through the dollar-based TRI token. This new token, backed by collateral assets like the interest-bearing TFBill, aims to simplify leverage acquisition and risk hedging for users. TrueFi's Trinity protocol allows users to mint TRI using TFBill or other assets as collateral, facilitating a process that could yield up to 15-20% net yield. Additionally, TRI can be traded on secondary markets or staked in the sTRI vault for fees. The peak of on-chain RWA was in April 2022, but the market has since declined to a third of its peak level. Trinity is currently live on the Optimism Sepolia testnet, with a $40 million TRI mint cap planned for its launch version. TrueFi is also considering launching Trinity on Coinbase's Layer-2 Base network, excluding U.S. users in its initial rollout.

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