We are live on Fraxtal Testnet!
As we gear up for mainnet launch later this quarter, we invite you to join our Fraxtal Testnet Campaign and start earning dT Points today 🚜🧑🌾
"Wait... You mean earn real points with play money??"
That's right, amigo! Learn more below 👇 (1/7)
Staked $USDe (sUSDe) is currently trading at a discount of more than 1% vs. its holdings.
Meanwhile, USDe is still trading around the $1 par.
There seems to be no FUD or commotion on CT about
@ethena_labs
at the moment, so let's look at some data!
🧵1/5
(1/6) We're thrilled to unveil dTRINITY (), a revolutionary
#stablecoin
liquidity protocol with low borrowing costs and sustainable yields, coming to the Fraxtal L2 network in Q3 2024🚀
📢 Strategic Partnership Announcement
It's official! dTRINITY is teaming up with
@fraxfinance
to reduce stablecoin borrowing costs and supercharge DeFi yields on the Fraxtal L2 network!
♾️ Subsidized stablecoin yield looping
💧 Liquidity & AMO support
🤝 FRAX + sFRAX support
Super excited to announce
@C2tP
&
@CryptoWinthorpe
, Co-founders of
@ConvexFinance
, as strategic advisors to dTRINITY! 🦙
Their mastery in DeFi liquidity strategies will help optimize our markets, driving more value to dTRINITY users.
Welcome aboard the dGEN crew, frens! 🤝🎉
We’re proud to announce that dTRINITY has won 1st place for dApps in the Fraxtal Hackathon by
@fraxfinance
🥇🎉
It’s a great honor for us to BUIDL on Fraxtal L2 & work together with one of the most OG projects in DeFi 🤝
Our mainnet launch is coming soon next month! In the
The moment we've all been waiting for... 🥁📷
@fraxfinance
Hackathon 2024 winners are out! Meet the projects that impressed our judges across Mainnet, Offchain App, and L3 tracks!
Every successful submission also earns FXTL points. Kudos to all builders shaping Frax's future!
We finished Q3 with strong momentum while gearing up for our upcoming launch on
#Fraxtal
🚀
As our team reflects on recent achievements, we're proud to have laid a strong foundation that will propel dTRINITY to the moon in Q4 and beyond 🌕
A 🧵 on our progress (1/7)
Read the
📢 Strategic Integration Announcement
Great news! dTRINITY will integrate the Sky Dollar (USDS) as a core reserve asset to access Endgame benefits from
@SkyEcosystem
.
💎 High-grade stablecoin reserve asset
💸 Collateral-based savings rate
🎁 Fed-agnostic token rewards
Learn
We’re honored to announce
@samkazemian
, Co-founder of
@fraxfinance
, as the first strategic advisor to dTRINITY!
With his pioneering contributions in stablecoins and DeFi, Sam brings valuable expertise and support to our mission.
Welcome aboard the dGEN crew, ser! 🤝🎉
Great news! dTRINITY has been selected as a finalist in the Fraxtal Hackathon by
@fraxfinance
🎉
Congrats to all finalist projects & good luck on your upcoming pitches, everyone!🤝
In the meantime, join our testnet campaign & earn some $dT points!
🚜 🧑🌾
We have partnered with
@HalbornSecurity
to audit dTRINITY's smart contracts in preparation for our upcoming mainnet launch!
Halborn is an award-winning, elite CyberSec firm for blockchain technologies. Their world-class expertise will strengthen the security of our ecosystem 🛡️
So exciting to see a fellow looper who's BUIDLing on Fraxtal!! 🤝
Come check out
@GlyphFinance
and their Marks point program on mainnet while you stack $dT points from dTRINITY on testnet 🧑🌾🚜
1/2
🚀 Looping has been a hassle so far?
👆 Too many clicks?
🤌 Not anymore as we're thrilled to announce the launch of 1-Click Looping on Glyph!✨
Experience seamless, automated reinvestment with a single click. Leverage your $FRAX, $FXS, $frxETH and $sfrxETH up to 5
Our team representing dTRINITY and Fraxtal (by
@fraxfinance
) at the
@gmvn_official
conference during Vietnam Blockchain Week (▲, ¤)
Big shout-out to
@coin98_labs
and
@KyrosVentures
for hosting an amazing event in this beautiful country! Can't wait to come again next year 🇻🇳
Fraxtal () will be home to the top DeFi yield-bearing assets like sFRAX (11.1% APR) and sfrxETH (3.3% APR)🏆
The first Ethereum L2 with native blockspace incentives from
@fraxfinance
, Fraxtal users will also earn FXTL rewards for on-chain activities🎁
1. $sFRAX = Highest APY for a USD stablecoin at scale.
2. $sfrxETH = Highest sustainable APY for an ETH pegged stablecoin.
⭐️ 34% higher than rETH since inception
⭐️ 16.82% higher than stETH since inception
@fraxfinance
The Superchain liquidity layer is coming & Fraxtal will be the center of stablecoin+DeFi swaps with Velo/Aero deep integration.
@wagmiAlexander
@VelodromeFi
🤝
We're in there like swimwear!
Congrats to the
@fraxfinance
team for hosting a successful hackathon with over 120 submissions 👏
Super excited to see the early Fraxtal ecosystem quickly gaining momentum!
#buildwithfraxtal
Submissions have closed for the Fraxtal hackathon & judging begins next week with prizes/winners announced soon thereafter. Thank you to all builders who participated. Over 120 hacks over 3 tracks have been submitted!! Beyond bullish for the Fraxtal ecosystem 🙌 $FXS $FXTL
We've partnered with
@Verichains
to provide smart contract audits for our lending protocol (an Aave v3 fork)!
Verichains is a leading blockchain security firm with 200+ clients, $50+ billion assets under protection, and trusted by top names such as Binance, Klaytn, and Aptos 🛡️
We're partnering with
@Cyberscope_io
to perform a smart contract security audit for dTRINITY!
Cyberscope is one of the leading and recognised audit authorities in the crypto space. They are also a verified audit partner of CoinMarketCap, CoinGecko and all major launchpads 🛡️
Fraxtal has now achieved $100M TVL per
@l2beat
🚀
We won't stop until we reach our target of $100 BILLION Fraxtal TVL by the end of 2026 💪
If you're a project looking to build early & earn big $FXTL points on the fastest-growing Top 20 L2, reach out!
#AllRoadsLeadtoFrax
🚀 GET READY FOR STABLECOIN RESTAKING!
With the introduction of permissionless token support from
@eigenlayer
, the world's leading restaking infrastructure protocol, any ERC-20 token can now be permissionlessly added as a restakable asset, significantly broadening the scope of
Introducing Permissionless Token Support Mainnet Launch
What
This feature enables any ERC-20 token to be added as a restakable asset, significantly broadening the scope of assets that can contribute to the security of decentralized networks, and unlocking the cryptoeconomic
The
#stablecoin
staking sector has grown from nothing to more than $3 billion since 2023, with significant volume driven by yield loopers 🔄
As of today, sUSDe is the largest staked stablecoin ($1.64 billion) and sFRAX is the highest yielding (11% APY).
Special thanks to
When we decided to launch on Fraxtal, it was just an idea. We wanted to be early. The community & investors asked us, why did you choose to build on Fraxtal?
Because we knew Fraxtal would be unlike any other L2s and you can see it now in the numbers. Since its launch in Q1,
1/ Lots of alpha regarding the innovation happening on the Fraxtal L2 network (created by
@fraxfinance
) 💡
Fraxtal had its first X Spaces this week, hosted by
@samkazemian
&
@northpool9
.
Listen to the entire clip here or check out our recap below!
Congratulations to the top 8 dTRINITY community members who provided our team with solid feedbacks and suggestions in August 🎉
And September just started, too, y'all 😉
TRADING INDICATORS MEGA THREAD 🧵
Navigating $BTC & crypto market cycles can be perilous without backtest data to support your trading decisions 📊🔬
Here are 8 popular indicators that are proven to work well in the past 10 years.
TradingView backtests + charts + source code
The Fraxtal Merch Store is now live with two collections: FRAXTAL and FRAX in collaboration with
@fraxfinance
and
@StableScarab
. 🎉
Two tees, two hoodies, and two baseball caps as part of the launch collections: 👇
💡ICYMI: Our Tech & Product Lead
@dazhengzhang
discussed how dTRINITY enhances stablecoin yield looping strategies during the inaugural Fraxtal spaces earlier this month.
You can listen to the full audio clip here:
(2/7) “dT” is 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. dT points can eventually be claimed as the protocol’s governance token (TRIN) at TGE in
This is why we’re also building dTRINITY, to reduce stablecoin borrowing costs, enhance yields, and provide DeFi users with cheaper access to liquidity and leverage 🚀
100% agree! 💯
The next wave of DeFi innovations will be led by stablecoin projects that redistribute yields to their communities.
dTRINITY will also achieve this by enabling borrowers of our $dUSD stablecoin to receive discounted interest rates 💸
We should only be marketing simple products to retail with low downside risk. I believe stuff like sfrax, sdai, susde, etc will be the killer apps of DeFi. Savings products that beat tradfi with minimal user activity. These decentral banks capture the low risk returns of treasury
Traders are buying the sUSDe (Staked $USDe) dip which hit a low of $1.065 around 6:10 PM ET yesterday.
- USDe in staking contract = 1.657 billion
- sUSDe circulating supply = 1.529 billion
- sUSDe book value = 1.657 / 1.529 = 1.084 USDe
Arbitragooors coming in hot 🔥🔥
Staked $USDe (sUSDe) is currently trading at a discount of more than 1% vs. its holdings.
Meanwhile, USDe is still trading around the $1 par.
There seems to be no FUD or commotion on CT about
@ethena_labs
at the moment, so let's look at some data!
🧵1/5
BREAKING: The odds of Donald Trump winning the 2024 Presidential Election surge to a new high of 63%.
Since the debate started, odds of Trump winning the election have surged by over 10%.
Odds of President Biden winning a second term have fallen from 48% to 37%.
Markets
Genesis 1:1 (▲) In the beginning, there were emerging blockchains, scattered across the vast digital expanse, striving to find their place in the realm of Creation.
The total market cap of stablecoins has increased by $3 billion in July while DeFi TVL remained mostly flat.
Rising stablecoin supplies are often seen as a bullish indicator for the crypto market as more investors onramp liquidity from TradFi to DeFi 🐂
The 5th most active liquidity pool by volume on
@CurveFinance
is the sDAI/sUSDe pool 👀
Why are traders swapping so much between these "liquid staking stablecoins" that are also yield-bearing?
Find out more below! 🧵1/6
(3/7) Complete tasks on Galxe to earn dT points ☑️
Stay updated on the latest dTRINITY developments by following us on X (Twitter) and joining our Discord community. Also, help us spread the word about dTRINITY by retweeting our campaign announcement on
Stop staring at your ETH/BTC chart & go earn some sweet $dT points from our Fraxtal Testnet Campaign! Get real points just from playing with testnet funds & doing a few tasks on Galxe🎁
It's easier than technical analysis📉
👉
👉
We are live on Fraxtal Testnet!
As we gear up for mainnet launch later this quarter, we invite you to join our Fraxtal Testnet Campaign and start earning dT Points today 🚜🧑🌾
"Wait... You mean earn real points with play money??"
That's right, amigo! Learn more below 👇 (1/7)
🧵2/5 - The sUSDe contract still holds more than 1.661 billion of USDe vs. 1.533 billion of circulating sUSDe.
- Implied sUSDe value = 1.661/1.553 = $1.083
- Current sUSDe price = $1.068 (a 1.39% discount)
sUSDe contract:
🚨 BREAKING: President Trump just gave a historic speech at the
#Bitcoin
Conference in Nashville! If re-elected, he will:
🔥 Fire
@GaryGensler
on day 1 of office
🏛️ Add BTC as a strategic reserve asset
🇺🇸 Make USA the world’s crypto capital
⛏️ Support Bitcoin mining in America
Are you DTF (down to farm) $dT points? 🚜🧑🌾
Here are ways to earn points from dTRINITY with testnet funds for our Fraxtal Testnet Campaign (ends on 8/30)! Learn more 👉
Drop in our Discord community to request testnet funds 👉
GM frens ☀️
It's gonna be a historic week for crypto. Watch your charts! 👀
CBOE confirmed spot
#Ethereum
ETFs will start trading tmrw & the SEC is expected to approve them today.
Meanwhile, CNBC discusses rumors about Trump adding
#Bitcoin
as a US strategic reserve asset.
1/ Stablecoins are already a foundational primitive of DeFi and
#crypto
but their growth and evolution is just beginning.
On Stablecoin Maximalism - what it is, what essential structure allows stables to scale, and why
@fraxfinance
is the leader of this movement.
🧵👇
Fraxtal is officially a partner of the
@Optimism
Superfest, which means there are now additional OP rewards for the Fraxtal ecosystem 🎁
More reasons to
#buildwithfraxtal
and
@fraxfinance
🛠️
🔴🔵 SuperFest, the Superchain DeFi Festival, is officially here. 🟡⚫️
1.5M OP is dedicated to rewarding users who explore DeFi applications across the Superchain.
Get started:
1/ USDC and EURC by
@circle
are now officially compliant stablecoins in Europe under the MiCA 🇪🇺
This is a major achievement for both Circle and the global mass adoption of
#stablecoins
👏
Meanwhile in the USA, Circle's HQ, there are still no official stablecoin regulations 🇺🇸
This week, MiCA, the EU’s comprehensive crypto laws went into effect, representing a massive step forward for the digital asset industry.
The US has a massive opportunity to act now to get stablecoin legislation right, instead of being left behind by other major markets.
Was reading my daily dose of Lao Tze's Dao De Jing (道德经) this morning and I *think* I know the meaning behind MakerDAO's rebrand to
@SkyEcosystem
now:
☯️ CHAPTER 25:
Something mysteriously formed,
Born before Heaven and Earth.
In the silence and the void,
Standing alone and
🧵3/5 - On-chain stablecoin liquidity for sUSDe also declined significantly in June.
Additionally, there's a 7-day queue to redeem sUSDe for USDe (i.e., 7 extra waiting days for arbitragers who buy sUSDe at a discount to quickly redeem at par).
Shout out to
@Degenerate_DeFi
Sky is here.
The best and easiest place to get rewarded for saving without giving up control.
Discover the upgraded tokens, new features, and boosted Sky Token Rewards for early sign-ups. Follow this thread for the latest news and updates about SkyLaunch.
$BTC is down more than 10% since the beginning of the month 📉 so we asked ChatGPT:
"What was Bitcoin's historical month end performance if the first week of the month had a 10% decline or more?"
Here are results from the past 10 years (with data from Yahoo Finance) 🧵1/4
1/ What are some of the latest yield farming strategies in
#DeFi
?
Recently,
@twobitidiot
interviewed
@SteimetzKinji
for "Kinji's Guide to Stablecoin Yield" 💸
Here are some quick important highlights from the video that we've collected (🧵 thread below):
@exchange_RA
is a cutting-edge CLAMM designed for efficient trading & concentrated liquidity management on the Fraxtal L2 network 💧
Ra is growing fast—don’t miss their points program for extra rewards! 🎁
We just partnered with
@IQWIKI
🧠
is the world's largest crypto encyclopedia. It also provides data for IQ GPT, a GPT-4 powered AI that provides real-time info & answers to questions within the domain, including for dTRINITY 🤖
dTRINITY integrated IQ GPT!
@dTRINITY_DeFi
is a stablecoin liquidity protocol designed to reduce borrowing costs and provide sustainable interest rates, thus improving looping strategies for yield-bearing assets like sFRAX, sUSDe, and sDAI 💜
Learn more:
(2/6) dTRINITY offers cheaper loans than other protocols through its native stablecoin, dUSD🪙
Float income generated by the stablecoin's collateral reserve provides regular subsidies to dUSD borrowers on dTRINITY, enabling lower borrowing rates for dUSD vs. other stablecoins.
(5/7) In September, we:
🎁 Awarded points & $5,000 in prizes to testnet campaign winners
🇰🇷 Attended
#KBW2024
in Korea
🇸🇬 Attended
#TOKEN2049
in Singapore
🤝 Secured strategic partnership with
@fraxfinance
🤝 Secured strategic integration with
@SkyEcosystem
🦉 Onboarded
Unless the IOU stablecoin provides interest subsidies to its borrowers 😉
Check out what we’re building at , the first subsidized stablecoin lending protocol in DeFi 💡
#MadeOnFraxtal
The US Presidential Debate is over! 🇺🇸
During the debate, Harris' winning odds went from 46% to 49% and Trump's odds went from 52% to 49% on
@polymarket
. They are neck to neck currently ⚖️
Meanwhile, $BTC lost more than 1%, from $57,700 before the debate to $57,000 afterward.
(4/7) Try out the app with testnet funds to earn dT points 🧪
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
(4/7) In August, we:
🏆 Won 1st place in the Fraxtal Hackathon
🏁 Ended our first testnet & Galxe campaigns successfully
😎 Grew our Discord community to 2,500+ members
💰 Completed our Pre-Seed round (TBA)
♾ Started development on yieldcoin-looping strategy vaults (dLOOP)
(5/6) Roadmap
📍Fraxtal testnet public access coming soon
📍Fraxtal mainnet launch in early Q3
📍Enable looping for sFRAX from
@fraxfinance
📍Enable looping for sUSDe from
@ethena_labs
📍dTRINITY Point Program TBA
📍Ecosystem partners & backers TBA
📍And more
Genesis 1:4 (▲) Thus, it was written, that the tribes of Web3 rejoiced, for a covenant had been forged to guide them toward the promised chain, flowing with yield and money.
What do you think will happen next?
Japan's $NIKKEI index jumped 10% today, the largest daily gain since 2008, after falling more than 12% during its worst daily plunge since 1987 yesterday.
However, today's candle is still completely engulfed by yesterday's candle, clearly
$BTC jumped from $58,700 to $59,800 within an hour of President Trump's assassination attempt today.
Trump's election odds on
@Polymarket
is also at an all-time high of 70% 📈
A great thread on Algorithmic Market Operations (AMOs) 🦉
AMOs are among the least understood and most underappreciated DeFi innovations that have been around for a few years.
Understanding Frax Finance's Algorithmic Market Operations (AMO) Controllers! 🫡
Dive deep into the innovative world of Frax Finance with their cutting-edge AMO Controllers. These controllers are designed to autonomously manage and optimize the protocol's collateral and
(3/6) Lower borrowing interest rates are beneficial for
#DeFi
users who seek cheaper access to liquidity and leverage, especially yield loopers looking to amplify their strategies with optimal borrowing costs🔁
(6/7) What is dTRINITY? 💡
dTRINITY is a next-generation liquidity protocol on Fraxtal that offers discounted stablecoin loans to lower borrowing costs and boost lending yields. Our mission is to revolutionize the $30-billion DeFi lending market by delivering superior stablecoin
🚨 $BTC is approaching its yearly (52-week) moving average. Additionally, its yearly Money Flow Index (MFI) is hovering right above 60.
Historically, BTC dropping below the 52-week moving average + MFI dropping below 60 = Bear markets (2014, 2018, 2022) or Black Swan crashes
(7/7)
📢 Follow us to get the latest updates!
💬 Join the community:
📙 Documentation:
🌐 Website:
⚠️ Disclaimer: Not financial advice. Digital assets and DeFi products involve many risks, including the
📢 Follow us to get the latest updates!
💬 Join the community:
🌐 Website:
⚠️ DISCLAIMER: Not financial advice. Digital assets and DeFi products involve many risks, including the potential for loss of funds. View our full
(5/7) Share feedback to earn dT 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
$BTC price has completely erased all its early July losses and is now up 1.6% so far this month after declining nearly 15% during the first week of July.
Congrats to all those who HODL'ed and/or bought the dip 💎🙌
2/4 - $BTC declined 10% or more on the first week of the month during 17 occasions since September 2014.
However, the price bounced back & ended the month with positive performance 70% of the time 📈
Genesis 1:3 (▲) And so it came to pass, that the Genesis of dTRINITY was proclaimed on Mount Fraxtal, baptized in the sacred waters of Curve beneath the endless blue Sky, with blessings from the prophets of Frax and Convex.
This is also why dTRINITY’s $dUSD will externalize interest as rebates to reduce borrowing costs and enhance yields for other stablecoins on our platform 🤝
The Stablecoin Stack 🪙
A rising stablecoin model could upend Tether by catering to “stablecoin distributors” - apps, wallets & payment apps - rather than end-users.
This could flip the current model on its head, suggesting the future belongs to those who master distribution:
(3/7) In July, we:
🚀 Successfully deployed dTRINITY on the Fraxtal testnet
☑️ Submitted our testnet project to the Fraxtal Hackathon
🧪 Opened the first testnet & Galxe campaigns
🤝 Secured partnership with
@IQWIKI
🎙️ Participated in the inaugural Fraxtal community spaces
📢 Follow us to get the latest updates!
💬 Join the community:
🌐 Website:
⚠️ DISCLAIMER: Not financial advice. Digital assets and DeFi products involve many risks, including the potential for loss of funds. View our full
(4/6)
#Fraxtal
, created by
@fraxfinance
, is dTRINITY's genesis network. It's also the first
#Ethereum
L2 with native blockspace rewards (FXTL)🎁
Not only will dTRINITY users benefit from dUSD subsidies and protocol incentives, they will also earn FXTL from Fraxtal.
3/6 - sUSDe has dominated as the top-yielding staked stablecoin since its inception in Q1. However, with its declining yield and high borrowing costs, looping sUSDe is no longer profitable compared to sDAI 📉
Current looping strategies for sDAI vs. sUSDe from
@summerfinance_
:
3/6 - sUSDe has dominated as the top-yielding staked stablecoin since its inception in Q1. However, with its declining yield and high borrowing costs, looping sUSDe is no longer profitable compared to sDAI 📉
Current looping strategies for sDAI vs. sUSDe from
@summerfinance_
:
🧵 1/10 - The BoJ’s surprise rate hike last week has finally summoned the Black Swan across global financial markets! Let’s tally the damages so far:
$BTC crashed to $52,400 today, now trading around $54,600. $ETH also traded as low as $2,117, now hovering around $2,300 📉
(6/6)
📢 Follow us to get the latest updates!
💬 Join the community:
📙 Documentation:
🌐 Website:
⚠️ Disclaimer: Not financial advice. Digital assets and DeFi products involve many risks, including the
(2/7) As the first subsidized stablecoin lending protocol, dTRINITY quickly captured the DeFi community’s attention and curiosity, leading to strategic support from several notable names in the space.
In late June, we:
📙 Released website, early docs & community channels
🔍
$BTC has risen above $69,500 one day after Donald Trump made his historic
#crypto
speech at the
#Bitcoin
Conference. Meanwhile, Kamala Harris tries to reset her campaign’s tone toward crypto.
Is the bull market about to resume with strong political tailwinds behind it now? 👀
🚨 BREAKING: President Trump just gave a historic speech at the
#Bitcoin
Conference in Nashville! If re-elected, he will:
🔥 Fire
@GaryGensler
on day 1 of office
🏛️ Add BTC as a strategic reserve asset
🇺🇸 Make USA the world’s crypto capital
⛏️ Support Bitcoin mining in America