Sirwin
Sirwin

TRON is ready to anchor its foot in decentralized finance.


TRON is ready to anchor its foot in decentralized finance. Decentralized Finance (DeFi) is the process that harnesses decentralized networks to transform traditional financial products into trustless products by creating transparent protocols that work without intermediaries.

TRON users will be able to earn interest and borrow against TRX as collateral. The JUST Lend project will be the lending and borrowing platform making JUST Defi the face of TRON's decentralized financing ambitions . JUST Swap is the decentralized cryptocurrency exchange. JUST BTC is the TRC-20 token linked to Bitcoin ( BTC ) in a 1: 1 ratio.

The JST should be the code for the TRON DeFi ecosystem .

The financial services commonly used in today's world include savings, loans, trading, insurance and much more. All of these must be made available to anyone around the world with access to a smartphone and Internet connection. Smart contracts running on the blockchain make this possible.

Decentralized finance can facilitate loans whose terms are negotiated between two foreigners in different regions of the world, without the intervention of a bank. There are already several such automated loans through Dapps.

DeFi Dapps help create stable coins, where value is pegged to the USD. These Dapps will help lend money to earn interest on crypto, take out loans and swap one asset for another, and possibly implement advanced lending strategies .

Sydney Ifergan, the crypto expert, said: “Decentralized finance from the TRON foundation to JUST is meant to be the rule of law, which is the rule of code. Since Justin Sun is involved, it can sometimes become Justin Sun's rule. "

Once on the blockchain, decentralized applications on the blockchain will be able to operate on their own without human intervention, with the exception of times that require upgrades or bug fixes.

The code in support of the audit will be transparent to anyone who may audit. This helps to trust the trustless nature of how finance works using code. Without permission, anyone can use them. Interoperable DeFi is the ultimate goal as it leads to mass adoption.

As always, you don't know if Justin Sun will really make him decentralized. The sun is the center of the universe and Justin Sun prefers to be the center of everything it introduces or brings into existence.

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