About TREN Debt Token
Tren Finance is a DeFi protocol built to unlock liquidity from underutilized assets using isolated modules and its native stablecoin, XY. The protocol allows users to retain yield on their existing DeFi positions while borrowing against them as collateral.
XY, formerly known as trenUSD, is a synthetic, dollar-denominated debt token issued by Tren Finance. As an overcollateralized stablecoin, it represents the debt within the Tren Finance ecosystem. Users can mint XY by providing various forms of collateral, such as LP tokens, money market deposits, and (re)staked positions, enabling them to unlock idle liquidity while maintaining their original yield-generating assets.
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Arbitrum | 0xD4fe6e1e37dfCf35E9EEb54D4cca149d1c10239f |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.9693 | |
1 Day | $0.9693 | |
1 Week | $0.9693 | |
1 Month | $0.9693 | |
1 Year | $0.9693 |
FAQ
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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