Justin Sun, Tron CEO, announced on Twitter three major decisions for the platform, and the Tron expansion into the DeFi sector. This expansion will run as planned, despise the criticism Justin Sun has revived from the community, accusing him and Tron to copy whatever Ethereum does, to profit from the momentum.
The highlight is the launch of JUSTswap, Tron's alternative to the ETH based Uniswap. The TRON based protocol will be launched on the 17th of August 2020, aiming to provide the solution for decentralized liquidity on the TRON network. The users using the protocol will not need to pay fees or make the exchange through an intermediary, in accordance with the DeFi functioning
Justin Sun announced the launch of yield farming between the JUST (USDJ) and the JST token. The yield farming will be available from the 31st of August 2020. The process will mimic the success of yield farming on Ethereum, and the users will utilize their active tokens and assets to generate the highest yield.
Finally, Sun announced the launch of an oracle service, without more details regarding the launch. The service will allows DeFi protocols in to obtain reliable off-chain information without compromising network security. The rumors are that Tron will cooperate with the oracle provider Chainlink for this project.
As the Tron ecosystem expands, Justin Sun receives more criticism, looking a bit like Marmite. You either love him or hate him!
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