Justin Sun, the founder of TON and the outstanding code of the X social media to make optimistic claims about the future of JST (JUST), the distinctive symbol of the fair ecosystems. in Modern postSun announced that JST has undergone a “full basic reflection”, and suggested that it could become the “next 100x symbol” with the maturity of the DEFI -based DEFI scene.
JustLend and USDD
Central to Sun is the JustLend performance, the lending platform without permission on Tron Blockchain and its embrace JST. Since its launch, Justlend has grown to become one of the largest lending protocols in the Tron ecosystem, allowing users to lend to original assets and borrow through decentralized liquidity pools.
The platform is similar to the compound or AAVE on ETAREUM, but with an additional feature of high TRO product and low transactions. According to Sun, JusTlend’s growth has translated into tens of millions of dollars in net profit, as interest rates of lenders sometimes reach 30 %.
Another ecosystem is a USDD, which is the stablecoin, the decentralization embraced by the JUST and Ton Dao Reserve platform. According to Sun, USDD has seen “explosive growth”, and Stablecoin soon became widely used within the TON network and beyond. Integration with lending platforms and Defi accelerated its adoption, which increased the benefit and demand for JST.
JST “Mix from TON’s AAVE and MKR”
Sun JST is similar to the advanced group of AAVE and Makerdao’s MKR. JST is used for governance decisions within a fair ecosystem and plays a major role in the edition and management of Stablecoins and lending complexes. According to Sun, net annual profits of the ecosystem reached tens of millions of dollars, with “conservative revenue expectations” exceeding $ 100 million of revenues for the next year.
Perhaps the most prominent of which was that Sun has committed to using all profits to buy and burn the JST codes in time. This contraction mechanism is designed to reduce the circulating offer and may increase the value of the remaining symbols, a strategy that has succeeded in other Defi projects.
The success of Justlend and USDD shows the TRON’s ambition to dominate the DEFI from the ETHEREM competition, providing attractive yield and an easy -to -use experience. If they continue their upward path and the promised re -purchase and burn program is implemented, JST can definitely estimate. However, as with all encryption investments, Dyor and only invest what you can bear.
