Tron to Set Foot Into DeFi but Fails to Impress Crypto Twitter

[Lorix]

Justin Sun announced three upcoming DeFi products from Tron, but crypto Twitter didn’t seem impressed.
Justin Sun, the founder of blockchain protocol Tron, recently took to Twitter to announce his company’s foray into the decentralized finance space that will work in areas of decentralized loans and trades.

Sun revealed that the project, JUST DeFi, plans to launch three new products for the decentralized finance ecosystem. The first is a lending and borrowing platform dubbed “JUST Lend.” It will allow Tron users to “earn interests and borrow against collateral.”
More info: https://cointelegraph.com/news/tron-to-set-foot-into-defi-but-fails-to-impress-crypto-twitter

[masudginanjar]

"JUST Lend" Is this product engaged in genuine finance?
"JUST Lend" Is this product engaged in exchange?
"JUST Lend" Does this product have a decentralized and centralized system?

We have to study further for this matter because "JUST Lend" is a new product that has not been tested, so I hope to be careful for all investors in crytpocurency.

[TomPluz]

Maybe there must be something wrong here why the foray of Tron into DeFi is not making some good waves and spark that can be helping catapult TRX into new heights. Is it a case of getting into something too late? or is Tron lacking some interesting features on its DeFi introduction that made the market not really interested a lot? I think I have more questions than answers here...

[aiviaa485]

Decentralized Finance (DeFi) is currently a trend and this is very much in demand by various altcoins that are already available in various markets.

Then I saw that TRON could create the newest thing in the Decentralized Finance (DeFi) system.
Because TRON has huge assets owned by Justin Sun, and to create a new system with the theme of Decentralized Finance (DeFi), I think it's very easy for TRON.

[damsix]

If this project from TRON is not yet son, then just wait because it will definitely take a long time to reach the peak price.
Just like Bitcoin which took 9 years to reach the highest peak on all exchanges.

So please be patient because it is certain that TRON also doesn't want the coin to experience a downturn in price and this was definitely anticipated from the start by Justin Sun.

[vaysar]

As part of cooperation and strategic partnership with BitGo, the WBTC asset (the Wrapped Bitcoin project token) will be issued on the basis of the Tron blockchain as a TRC-20 token. A qualified American custodian of the BitGo Trust will be responsible for keeping the reserves. This should attract new DeFi users who are tired of paying horse fees for Eth transactions.

[kent47400]

I think it is okay for TRON because TRON can run by itself and has its own forum, namely the TRON Forum.
Then I hope TRON is not too dependent on Twitter because Twitter is only a social media.
But if TRON still wants to rely on more missions then it's confirmed TRON must also be active on Twitter so that TRON HodLers know the latest updates from TRON.

[Jawahara]

Some old projects want to enjoy the boom of DeFi within the cryptospace. Guess Justin could not get it right.

[Msweet]

According to one report, Twitter users repeatedly warned Sun about the fraudulent nature of the Sharktron project. However, the report says Sun “ignored the red flags.” The Sharktron protocol is listed on another Sun creation, the Justswap decentralized exchange (DeFi).

[Alcor]

Decentralized Finance (DeFi) is currently a trend and this is very much in demand by various altcoins that are already available in various markets.

Then I saw that TRON could create the newest thing in the Decentralized Finance (DeFi) system.
Because TRON has huge assets owned by Justin Sun, and to create a new system with the theme of Decentralized Finance (DeFi), I think it's very easy for TRON.

Justin Sun is trying to capitalize on the congestion of the ethereum network and leverage the still hype around DeFi projects.  Well, this is a good tactical move.  It was foolish not to take advantage of this opportunity.  Only Tron is primarily a gaming coin that caters to the gaming business.  Decentralized finance is not the profile of this coin.