The founder of Tron, Justin Sun, recently revealed that his company will soon work on the decentralized finance space in the areas of decentralized loans and trades.
Sun added that the project, JUST DeFi, plans to launch 3-new products for the decentralized finance ecosystem. The primary is a lending and borrowing platform referred “JUST Lend.” It’ll allow Tron users to “earn interests and borrow against collateral.”
The 2nd product entails a decentralized cryptocurrency exchange platform referred JUST SWAP while the 3rd is a TRC-20 token referred JUST BTC. The token is pegged to Bitcoin [BTC] in a ratio of 1:1.
He added that the recently launched JUST [JST] token will be the core token of Tron’s DeFi ecosystem. He explained:
“We can’t wait to ascertain the series of JUST products’ all-rounded empowerment, community governance, along with fully shareable dividend integrated into the #TRON DeFi ecosystem.”
Crypto Community On Twitter Uncertain About New Claims
Tron has been trapped in controversies regarding its quasi-decentralization ever since the company’s CTO and co-founder Lucien Chen stepped down from his role earlier from May 2019. Chen blamed that Tron had become extremely centralized & has even lost its vision to make a decentralized web.
While several users on Twitter expressed some equivalent concerns about Tron in reply to Sun’s tweets about the DeFi products. A user wrote, “But #Tron $trx isn’t decentralized so ought to really make it CeFi – Centralized Finance.”
On the other hand, an another user wrote, “When a centralized scam isn’t enough, one must hop onto the DeFi train to JUST everyone else.”