BitTorrent has signed a strategic agreement with Just DeFi to build the “best Decentralized Finance (DeFi)” on the TRON Blockchain.
In an announcement by Justin Sun, CEO BitTorrent and founder of TRON Blockchain, the DeFi projects will have its collateral tokens to be JUST and JST yield farming. The idea, once launched, will give JUST around 2 billion users from BitTorrent.
The concept has not been fully expanded by Justin Sun, albeit, it is expected that more announcements are going to be made regarding the idea.
Meanwhile, in a separate announcement by JUST, BitTorrent will be used as a token on the JUST DeFi.
Interestingly, Justin Sun had promised that the JUST DeFi Exchange and yield farming will launch this August. The innovation, according to him, is to widen the TRON’s decentralized finance ecosystem.
The creator of TRON announced that JUSTswap will be live on August 17 and both the JUST (JST) yield farming and JUST Stablecoin (USDJ) will launch on August 31.
As well, Justin Sun made mention that TRON will launch its blockchain oracle, However, he did not mention the launch date. He and the TRON developers have been working on JUST DeFi for some time now.
The JUSTswap, a fully decentralized on-chain protocol for token exchange, will be a version of Uniswap on TRON blockchain. Uniswap is a DEX on the Ethereum blockchain.
Meanwhile, Justin Sun and a host of other DeFi lovers are eyeing the yield farming idea considering the growth of COMP and BAL tokens recently.
Justin Sun will also be launching JUST Lend products for users to TRON earn interest or borrow assets against collateral. In the same line, the TRON ecosystem will soon welcome JUST BTC, a TRC20 token fully backed by BTC.
The creator of TRON is always on the lookout for ideas that will better the TRON Ecosystem.
A few years back, the entrepreneur acquired BitTorrent and introduced the BTT token into the ecosystem. Since then, several projects have moved into the BTT ecosystem.
