bueno pues (▲)

Stablecoin maxi. Fraximalist. $FXS $CVX $OHM. Contributor (@dtrinity_defi).

All opinions are my own. Not financial advice.

[bueno pues (▲) @BaltoAlt]

The Routing War

Most stablecoin discourse is about supply, TVL, and market cap. These matter. But they are not the whole picture.

There is a deeper competition happening underneath all of that. And it rarely gets talked about directly.

The competition is to become a routing hub.

[bueno pues (▲) @BaltoAlt]

https://t.co/5CCHgElhdL

[bueno pues (▲) @BaltoAlt]

@robustus I’m early, right? Right?!? Right?

[dTRINITY (▲) @dTRINITY_DeFi]

1/ dUSD has reached ~54% utilization in dLEND on Ethereum, with ~$94K left in borrows until optimal utilization is reached.

Current Net Borrow APY is -0.31%. This means users are not incurring any interest on their loans. In fact, they're getting paid 0.31% APY to borrow dUSD!

[bueno pues (▲) @BaltoAlt]

Gud team.
Gud protocol.

@dTRINITY_DeFi

[dTRINITY (▲) @dTRINITY_DeFi]

dTRINITY is officially reopened on Ethereum!

After the March incident, all bad debt was fully covered by core contributors and the protocol treasury. Our chain-isolated architecture also worked as intended, containing the incident entirely to the Ethereum deployment while protecting over 95% of protocol TVL across supported networks.

For the past 2.5 months, the Ethereum deployment remained frozen while we completed protocol-wide security hardening, infrastructure upgrades, testing, and internal code audits, including:

• Disabling flash loans & mints for non-dUSD markets
• Routing flash loan fees to the protocol treasury
• Improving market initialization procedures
• Improving OpSec, supply chain, domain and DNS security based on Security Alliance (SEAL) frameworks

Although our multisig keys were never compromised, we also took additional steps to:

• Strengthen the protocol's multisig signing process
• Add timelocks between admin functions
• Add an emergency freeze multisig for dLEND
• Set up internal monitoring & alerting systems

In addition to past external code audits from Hashlock, Halborn, Hats Finance, Verichains, and Cyberscope, we have implemented a quarterly internal audit process going forward. These audits cover the latest protocol components, oracle integrations, liquidation logic, and deployment scripts, leveraging AI tools, manual testing, and multiple independent methodologies from:

• Archethect
• Auditmos
• Cyfrin
• Forefy
• Kadenzipfel
• Pashov
�� Plamen
• QuillShield
• Trail of Bits

The most recent internal audit was completed between April and May using GPT-5.5 Pro, GPT-5.5, Claude Opus 4.7 and Sonnet 4.6. All relevant findings that are not false positives have been addressed.

We take protocol security very seriously. Protecting users is, and will always remain, our #1 priority. Additional details can be found at https://t.co/18kvNtSKd5.

Huge thanks to our community and partners for standing behind dTRINITY throughout this period. Your continued trust and support mean everything to us!

Loop it back ♾

[bueno pues (▲) @BaltoAlt]

@fraxfinance Great article!

[bueno pues (▲) @BaltoAlt]

Stablecoin summer continues to pump with frxUSD! ☀️

Best stable yields with frxUSD (@fraxfinance ) pairs.

🧑‍🌾 Being the lazy farmer that I am, I want the best risk-adjusted yields in defi, and, I can get them all using the best Peg Keeper in the game, frxUSD by
@fraxfinance

ebUSD (@ebisu_finance) and sdUSD (@dTRINITY_DeFi) taking the top spots this week with 25% and 21% APYrespectively. Wow. 🤯

There are quite a few pools paying over 10% APY this epoch.

Happy farming anons.

[bueno pues (▲) @BaltoAlt]

@samkazemian @StaniKulechov Very cool stuff

[Frax Finance ¤⛓️¤ @fraxfinance]

frxUSD incentives went live on @aave V4 last week and caps quickly filled. @LlamaRisk is now proposing to double the frxUSD caps from $10M to $20M.

This would give frxUSD the largest stablecoin cap in Aave V4.

Read more: https://t.co/vVxVjc56xx

[Frax Force @FraxForce]

https://t.co/IUjMLDs9ab

[bueno pues (▲) @BaltoAlt]

@Diphunter18 @Smallro_man Still loading up ser.

[bueno pues (▲) @BaltoAlt]

Stablecoin summer continues to pump with frxUSD! ☀️

Best stable yields with frxUSD (@fraxfinance) pairs.

🧑‍🌾 Being the lazy farmer that I am, I want the best risk-adjusted yields in defi, and, I can get them all using the best Peg Keeper in the game, frxUSD by @fraxfinance

USG and USP taking the top spots this week with 26% and 22% respectively. Wow. 🤯

There are quite a few pools paying over 10% APY this epoch.

Happy farming anons.

[Frax Finance ¤⛓️¤ @fraxfinance]

Incentives for frxUSD on Aave V4 are now LIVE 🥳

The next era of DeFi is taking shape.

Aave will win. Frax will win. Together.

Get started: https://t.co/8vU8fO4ad2

[Eleanor Terrett @EleanorTerrett]

🚨JUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks.

Next stop: the full Senate.

[bueno pues (▲) @BaltoAlt]

It feels like stablecoin summer with frxUSD! ☀️

Best stable yields with frxUSD (@fraxfinance) pairs. 🧑‍🌾 Being the lazy farmer that I am, I want the best risk-adjusted yields in defi, and, I can get them all using the best Peg Keeper in the game, frxUSD by @fraxfinance

USP and USPC taking the top spots this week with 38% and 28% respectively. Wow. 🤯

There are quite a few pools paying over 20% APY this epoch. It's a good time to be a farmer!

[bueno pues (▲) @BaltoAlt]

@Ikebillion_ @fraxfinance @PharosWatch

[bueno pues (▲) @BaltoAlt]

@FraxForce @royal1dd Great community

[bueno pues (▲) @BaltoAlt]

@Ceazor7 @fraxfinance @CurveFinance 1. ~1% to 50% Lp on @CurveFinance

Here is a good list:

https://t.co/jZbnF19PTP

[bueno pues (▲) @BaltoAlt]

Best stable yields with frxUSD (@fraxfinance) pairs. 🧑‍🌾 Being the lazy farmer that I am, I want the best risk-adjusted yields in defi, and, I can get them all using the best Peg Keeper in the game, frxUSD by @fraxfinance

@Raacfi (pmUSD) taking the top spot this week with 42.41% APY. pmUSD is currently depegged, so, do your own research.

srROYUSDC and crvUSD are both paying over 30% apy! Wow. 📈

There are quite a few pools paying over 20% APY this epoch. It's a good time to be a farmer!

[bueno pues (▲) @BaltoAlt]

@thestablecon @rajachak75 @StellarOrg Did they just invent “FraxBonds?” 😜

@fraxfinance

[bueno pues (▲) @BaltoAlt]

@fraxfinance @FraxForce Frax-urity

[sam.frax @samkazemian]

DeFi protocols really need private access to Mythos before Anthropic gets social engineered by North Korea posing as Microsoft or some US megacorp that needs access/"lost their access key."

[bueno pues (▲) @BaltoAlt]

@0ii05i @fraxfinance @Raacfi

[bueno pues (▲) @BaltoAlt]

Best stable yields with frxUSD (@fraxfinance) pairs. 🧑‍🌾 Being the lazy farmer that I am, I want the best risk-adjusted yields in defi, and, I can get them all using the best Peg Keeper in the game, frxUSD by @fraxfinance

@Raacfi (pmUSD) taking the top spot this week with 42.41% APY. pmUSD is currently depegged, so, do your own research.

srROYUSDC and crvUSD are both paying over 30% apy! Wow. 📈

There are quite a few pools paying over 20% APY this epoch. It's a good time to be a farmer!