TRON
by BSC News
January 4, 2023
Here are the top five protocols for lending and borrowing plus the stablecoin rates for both!
TRON Network has recently pushed ahead in the rankings for total volume locked (TVL) across all chains. The chain hovered between $4-5 billion in TVL for most of 2022, pushing above $6B a few times. The network backed by Justin Sun even recently pushed past BNB Chain for the top blockchain outside Ethereum and Bitcoin to begin 2023.
Here we will look at the top borrowing and lending protocol on TRON Network: JustLend. The protocol dominates the TVL on TRON Network with 62.95% and is home to some stable APYs for popular coins.
JustLend DAO protocol is a TRON-powered money market protocol aimed at establishing fund pools whose interest rates are determined by an algorithm based on the supply and demand of TRON assets. There are two roles within the protocol, namely suppliers and borrowers. Both of them interact directly with the protocol to earn or pay a floating interest rate.
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Tron is an open-source blockchain-based decentralized digital platform with its own cryptocurrency, called Tronix or TRX. Established in 2014 by Justin Sun and founded in 2017 by a Singapore non-profit organization, Tron Foundation aims to host a global entertainment system for the cost-effective sharing of digital content.
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