🪙TRI

Issued by the Trinity Protocol, TRI represents debt backed by collateral assets.

Users create TRI by providing collateral to Trinity vessels and borrowing against this collateral.

How does TRI maintain price stability?

Market forces help to keep TRI pegged at or near $1.00.

When TRI is trading >$1.00, users have incentive to increase TRI supply.

Example: Assume TRI trades at $1.06 and users can borrow at 95% LTV collateral.

A user can purchase $20,000 tfBILL, deposit tfBILL into a vessel, and borrow 19,000 TRI. The user can then sell 19,000 TRI for $20,140, instantly realizing a profit.

When TRI trades <$1.00, existing borrowers have an incentive to reduce TRI supply.

For instance, if TRI trades at $0.95, some users may choose to reduce or close their debt position by buying TRI at a discount and then exchanging TRI for collateral from their vessel. This mechanism creates upward pressure on TRI price.

sTRI (as described below) also stimulates organic demand for TRI.

What is sTRI?

Fees generated by the Trinity protocol are paid to users who stake TRI (sTRI) in the sTRI vault. Trinity protocol fees create native yield for TRI and stimulate additional demand for the TRI token.