Tren Finance Partners with Ionic Protocol to Unlock Yield and Liquidity

Some might raise an eyebrow at two money markets joining forces, but we see it as a strategic move to supercharge the composability and liquidity of the Mode ecosystem.

Ionic Protocol has made waves by allowing the integration of any yield-bearing asset into its market. This isn't just a neat trick; it's a game-changer that amplifies the composability of the Mode Ecosystem and liberates liquidity from yield-bearing assets. If that sounds like music to your ears, you're not alone - it harmonizes perfectly with Tren Finance's mission to boost capital efficiency and utility across a diverse crypto asset landscape.

Ionic Protocol is the top lending market by TVL on Mode, with 110,000 users. Ion receipt token holders benefit from supply-side interest rates, Mode points, Turtle points, and Ionic points.

Through our partnership, users who hold Ionic receipt tokens as collateral on Tren will continue to receive these rewards while unlocking liquidity by borrowing trenUSD against their ion receipt tokens. This provides a significant use case for these tokens and welcomes Tren to a broad user base.

Ionic issues receipt tokens for those supplying tokens to their pools, offering yield in return. To maximize your assets, you can supply them for yield on Ionic, then use the receipt token as collateral on Tren Finance to take out a loan. This loan can be used to cover expenses, invest in the latest memecoin, or put to work on other protocols, thus maximizing your yield.

As part of our partnership with Ionic, we plan to accept the following receipt tokens as collateral on Tren Finance:

Please be aware that this is not a guarantee. While we intend to list these tokens, technical or other constraints may prevent us from doing so.

We will release detailed information about risk parameters for these tokens in the near future.

• Supply Assets on Ionic: Users can supply one of the assets listed above on Ionic.

• Receive Receipt Tokens: Once the position is confirmed, users receive a receipt token representing their lending position.

• Loan on Tren: Users can bring their receipt tokens to Tren, find the corresponding module, and use the tokens as collateral to take out a loan in trenUSD.

• Enjoy liquidity: use your liquid trenUSD across DeFi to get the most out of your strategy.

The partnership between Tren and Ionic creates a more interconnected and efficient ecosystem that benefits all participants.

This collaboration allows users to maximize the utility of their assets in ways previously unavailable. By using Ionic receipt tokens as collateral on Tren, you can simultaneously earn rewards and access liquidity - a powerful combination that enhances capital efficiency and opens up new strategic possibilities.

In summary, you get:

1. Continuous Rewards: Keep earning yields from Ionic while your assets work for you on Tren.

2. Enhanced Liquidity: Access the value of your yield-bearing assets without sacrificing their earning potential.

3. Increased Flexibility: Use your borrowed trenUSD for various purposes, from covering expenses to exploring new investment opportunities.

4. Ecosystem Growth: As more users engage with both protocols, we anticipate increased liquidity and stability across the Mode ecosystem.

We're particularly excited about the potential for innovative strategies this partnership enables.

To celebrate this new chapter, we've arranged for a limited number of testnet codes in collaboration with Ionic. For those eager to dive in early and secure a 2x points multiplier for the mainnet, keep a close eye on Ionic's social media channels.

As we move forward, we'll be releasing detailed information about risk parameters and additional features. This will equip you with the knowledge needed to make informed decisions and fully leverage the synergies between Tren Finance and Ionic Protocol.

In the world of DeFi, education and innovation go hand in hand. We're committed to providing you with the tools and knowledge to navigate this evolving landscape confidently. Stay tuned as we continue to push the boundaries of what's possible in DeFi.

Tren Finance is a CDP protocol designed to provide liquidity for various types of assets. Our team is comprised of core contributors from various successful DeFi projects, boasting a combined TVL surpassing $1 billion. Drawing insights from our experiences at MakerDAO, Ajna, Parity Technologies, Parallel Finance, Casper Labs, Venom Foundation and more, team Tren brings a wealth of knowledge to the table.

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