Tron Top :: 5 Protocols With Maximum TVL

Click here for Tron's five major DeFi protocols by TVL.

JustLend

Type of dApp: Lending
BMJ Score: 4.5

JustLend is a decentralized lending protocol supported only on the TRON network. TRON's TRX represents an ecosystem for lending and borrowing digital assets, including Bitcoin, Ethereum and Stablecoin.

The app is based on a pool whose interest rate is determined by an algorithm, allowing users to procure and borrow tokens in an automated, risk-managed environment.

Unique features include automated matching orders via smart contracts, real-time lending and borrowing, and automatic clearing when the collateral value falls below a threshold.

Interest accrual occurs every TRON block production (approximately every 3 seconds). The protocol allows token holders to accrue interest by issuing jTokens with assets pledged as collateral.

At the time of writing, JustLend is the sixth largest token in the DeFi ecosystem with a TVL of approximately USD 3.8 billion.

JustStable

Type of dApp: CDP
BMJ Score: 4.5

JustStable is a Tron-based ecosystem built around the stablecoin JustStable (USDJ); both JustStable and JustLend are part of the broader DeFi ecosystem, also called JUST, founded in 2020 by Tron founder Justin Sun.

USDJ stablecoins are pegged to the USD price and are the primary asset of JustStable, a lending platform that issues stablecoins based on multiple collateral JustStable allows users to borrow stablecoins for yield farming and trading It acts as a lending hub.

Specifically, USDJs are generated through Collateralized Debt Positions (CDPs).

Currently USD 1.2 billion worth of crypto is deposited into these CDPs, generating stablecoins.

SUN

Type of dApp: DEX
BMJ Score: 3.5

SUN was developed to support the growth of TRON's DeFi ecosystem. The protocol has been improved several times.

JustLend is still the main use case for SUN, and the ecosystem also includes independent stablecoin exchange applications and decentralized autonomous organizations (DAOs) on TRON.

The native token of the same name plays an important role in managing the platform, facilitating buybacks and burning rewards, and providing rewards to liquidity providers, among other functions.

SUN.io aims to develop a comprehensive DEX ecosystem that leverages various trading protocols and provides superior functionality, profitability and security.

Meanwhile, a self-sustaining ecosystem is fostered by SUN's burning mechanism and the voting rights of SUN token holders.

UniFi Staking

Type of dApp: Staking
BMJ Score: 2.5

Unifi Staking is part of the Unifi Protocol a multi-chain DeFi ecosystem consisting of DEX (uTrade), cross-chain bridge (uBridge) and staking (uStake).

Unifi's Delegated Proof of Stake (DPoS) staking mechanism runs on five blockchains, including Tron, and incentivizes security through staking rewards.

It involves approximately 5600 delegates with $5 million or more UNFI staking, generating an estimated 5.4% APR.

SocialSwap

Type of dApp: DEX
BMJ Score: 1.0

SocialSwap.io is a DEX aggregator supporting staking and liquidity mining capabilities in the Tron ecosystem SocialSwap.io is based on the native token SST with 1 billion supply.

A distinctive feature is a transaction fee refund pool that covers the costs associated with the swap. To increase security, two independent audits review the contracts.

Cross-chain solutions have also been developed. Users can fund different pools and participate in weekly conference calls with co-creators, which are updated weekly.

The aggregator will allow for live chart tracking and automatic exchange of tokens at predetermined prices on the Tron blockchain.

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