‘Revolution’ Promised by Tron’s Justin Solar Seems to be Like Clone of Terra’s Algorithmic Stablecoin

JustLend, the largest of the three, has $1.9 billion of deposits, however solely $67 million borrowed, that means that solely 3.5% of the funds are literally used. JustStables, a DeFi system that already points a dollar-pegged stablecoin (USDJ) on Tron, has $1.3 billion in deposits, however solely $288 million in stablecoins had been minted. And SunSwap, the third largest protocol, has little or no exercise outdoors of buying and selling Tron’s native cryptocurrency, TRX.

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