TrueFi Introduces Dollar-Based TRI Token for Real Asset Trading

Decentralized lending protocol TrueFi (TRU) introduced the Trinity protocol with the goal of improving the capital efficiency of real-world assets (RWA) on the network. The new protocol will use the dollar-denominated TRI token backed by collateral assets to make it easier for users to gain leverage and hedge risks.

Interest-bearing tfBILL, a tokenized short-term US Treasury bill product, will be the first collateral asset used to back TRI. You can also use other TrueFi pools, RWAs from different protocols, and other crypto assets.

A user can mint TRI on Trinity using tfBill or other assets as collateral and exchange it for a stablecoin with an automated market maker. The user can then mint TRI using a smart contract they call a vessel, borrow up to 92% of the loan-to-value ratio in TRI, exchange that again for a stablecoin, mint more TRI, and repeat the process. Ultimately, this process will allow the user to receive up to 15–20% of net profit.#TRU