Happy to share that we have received the preliminary report from our security audit by Omniscia. A few things to improve, but no big surprises. Mainnet in sight
We're partnering up with Ionic Protocol to unlock new yield and liquidity opportunities on Mode. Soon, you'll be able to use Ionic receipt tokens as collateral on Tren to maximize your asset potential.
With over $20 billion in TVL across all DEXs on Ethereum, there's significant potential to unlock additional liquidity by using LP tokens as collateral. Get more out of your LP tokens by taking out a loan against them to put towards other protocols, all while still earning yield from your LP position.
As new types of RWAs flow into the market, driven by heightened interest from institutional investors and high-net-worth individuals, we are ready to list these assets on our platform so you can use them as collateral, letting you unlock new liquidity and explore more financial opportunities.
There are plenty of choices when it comes to selecting your LRT protocol. With a total TVL of $13.3B in LRT platforms, which ones would you like to use as collateral on Tren Finance?
Collateralized Debt Position (CDP) protocols, like Tren Finance, allow users to lock up their assets as collateral to take out a loan in stablecoins. In our case, trenUSD. This provides more predictable liquidity and stability.
Although similar, lending platforms differ to CDPs by enabling users to earn interest by supplying their assets into pools. These pools provide liquidity for others to borrow against by posting collateral, facilitating peer-to-peer money markets.
Suppliers are incentivised with yield on their deposited assets, this ensures that the protocol has a steady flow of assets to meet borrowing demands.
Unlike CDP protocols, lending protocols can lack capital efficiency as they require demand for users to supply assets, creating imbalances. This becomes even more apparent when long-tail assets are involved, as demand can be highly variable.
As Tren is the sole lender on our protocol, we do not need to allocate a large portion of our revenue to incentivize lenders. Instead, we can drive protocol revenue directly back to our native token, TREN, bringing more value for our community.
A key benefit of CDP protocols is their ability to maintain stability in volatile markets which is vital for the range of asset types we will look to have. By locking up assets as collateral on Tren, users can generate trenUSD without the worry of fluctuating market demand, allowing you to get the most out of your assets.
TrenDAO is our community powered governance system, with members having their voting power represented by TrenPower tokens, designed solely for governance on Tren.
Who is eligible? - veTREN Holders: Governance power is tied to the amount of veTREN held. When you receive veTREN, you get an equivalent amount of TrenPower tokens. TrenPower tokens are burned when veTREN is burned at the end of its lockup period.
- Liquidity Providers: LPs must have staked their TREN LP for a minimum of 1 week in designated liquidity pools to participate in governance. Governance power is calculated based on the value of liquidity provided.
Proposals - New isolated modules for assets.
- Changes to module parameters like TrenUSD allocation, LTV, liquidation thresholds, borrowing fees, and performance fees.
To prevent malicious actors, we will conduct technical and market risk analysis on all proposals passed by the DAO. This includes reviews of an asset’s smart contract to maintain safety of the protocol.
Stay tuned as more information regarding our DAO will be released as we get closer to launch!
trenUSD is the native stablecoin of Tren Finance, algorithmically pegged to 1 USD. Tokens enter circulation through overcollateralized loans ensuring that the token is always backed to represent $1
Here are some updates about Tren’s progress and upcoming plans.
Development Progress🛠️ Our developers are focusing on addressing bugs and fine-tuning the front end of the application. Auditing has also begun with a firm responsible for securing some of the most prolific DeFi protocols. We expect to complete our audit in approximately 3-4 weeks. Once these tasks are completed, we will begin the next steps to transition from testnet to mainnet.
Launchpads🚀 Discussions are underway with several top-tier launchpads for our public sale of the TREN token. We can’t disclose too much at this time, but stay tuned because there are some exciting things coming.
Finalizing Initial Assets 💰 We are in the final stages of selecting the initial assets to be launched on Mainnet. If you have any asset recommendations, now is the time to let us know. This selection will provide a foundation for Tren to cater to the diverse needs of our users.
Business Development🤝 Our business development initiatives are intensifying as we move closer to mainnet. When the time comes, we’ll share more on this front.
Mode Demo Day📅 We have been working closely with the team from Mode Network to integrate our protocol on their chain. Tomorrow, July 2nd, we will be pitching to angel investors, VCs, and protocol representatives during Mode’s Demo Day at 12:30 PM UTC.
The journey ahead is looking promising, and we look forward to sharing more updates with you soon!
With overcollateralization, the value of collateral always exceeds the value of trenUSD borrowed, ensuring protocol safety and maintaining the trenUSD peg.
Our Stability Pool is Tren's frontline defense against market swings by absorbing liquidated collateral, securing trenUSD's peg. Stake trenUSD for TREN tokens and a cut from liquidations.
While liquidations trigger instant asset conversion into TREN, our pool also guarantees a base rate, ensuring consistent earnings for participants even in the absence of liquidations.
With opportunistic yields on top, the more liquidations, the greater the reward.