# What is NoFrame NoFrame is a new DeFi primitive aiming to reach more utility for fixed yield assets which will allow more sophisticated and risk-diverse strategies . \ \ NoFrame enables users to mint a stablecoin, **fixUSD,** that is fully collateralized by fixed yield assets. The stablecoin will be incentivized on exchanges to maintain stablecoin liquidity and let user receive exchange trading fees, exchange incentives and NoFrame incentives on top of their fixed yield return from collateral. \ \ The NoRame codebase is completely immutable, based on Prisma Finance and Liquity. The NoFrame DAO will change protocol parameters, decide on emeission schedule, protocol fees and new collaterals. ### NoFrame users Fixed yield holders (like Pendle PT) can make their assets more productive, by using them as collateral to mint a stablecoin (fixUSD) to use it across DeFi. Fixed yield token issuers (like Pendle) can attract additional liquidity as NoFrame allows making a significant leverage on fixed yield. These issuers can additionally incentivize certain actions on NoFrame when their tokens are used (e.g. provided as collateral to borrow stablecoin). ## Links \ --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.noframe.io/what-is-noframe.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.