‘Revolution’ Promised by Tron’s Justin Sun Looks Like Clone of Terra’s Algorithmic Stablecoin

JustLend, the biggest of the three, has $1.9 billion of deposits, but only $67 million borrowed, meaning that only 3.5% of the funds are actually used. JustStables, a DeFi system that already issues a dollar-pegged stablecoin (USDJ) on Tron, has $1.3 billion in deposits, but only $288 million in stablecoins were minted. And SunSwap, the third largest protocol, has very little activity outside of trading Tron’s native cryptocurrency, TRX.

Source: https://www.coindesk.com/markets/2022/05/04/revolution-promised-by-trons-justin-sun-looks-like-clone-of-terras-algorithmic-stablecoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines