02 Dec 202415:19
Project update

Tren Finance introduced its Synthetic Dollar Debt token
XY is backed by overcollateralized loans and built using LayerZero's Omnichain Fungible Token (OFT) standard. XY allows transfer across multiple blockchains without asset wrapping, middle chains, or liquidity pools. Users can mint XY through isolated modules on Tren Finance or buy on DEXs.
Tren Finance is a liquidity (re)Enabling protocol using proof-of-liquidity and hooks to (re)Collateralise LP, money market deposits and (re)Staked positions.
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