Tron Ecosytem-Steemit Crypto Academy Season 5 - Homework Post for Task 1 || by @al-amin2021
QUESTION 2
What are the different dApps in the Tron ecosystem are you familiar with? What are the uses of DeFi applications like Justswap, JustLend, and Sun.io? How can you optimize mining rewards by staking TRX and other TRC20 tokens in Sun.io? Examples?
1.) What are the different dApps in the Tron ecosystem that you are familiar with ?
TRON ecosystem
TRON ecosystem is a leading blockchain-based operating system that aims to build DeFi systems based on the TRON Blockchain. The Tron Ecosystem has made it very easy for Tron Blockchain users so far because there are several leading DAPPS collaborating with the Tron Ecosystem.
Here are the 3 DAPPS applications that are in the Tron Ecosystem :
1. Justswap
Justswap is one of the decentralized token exchange Dapps in the current Tron ecosystem so that it can make it easier for Tron Link users because JUSTSWAP can be accessed directly using Tron Link.
2.Justlend.
Justlend is one of the DAPPS on Tron Link that we can use for official loans using the DeFi-based TRON Ecosystem. Justlend was created to make it easier for borrowers because it is decentralized so that justlend has officially become a decentralized BANK based on TRON.
3.Sun.io
Sun.io This is one of the DeFi-based DAPPS in Tron Link, Sun.io is also not much different from justlend's function.
2.) What are the uses of DeFi apps like Justswap, JustLend and Sun.io ?
Fully-used DeFi means decentralized finance.
Only Justswap can be used for
- Justswap can make exchanges instantly without having to plug in an order.
- Justswap also offers a very fair and open financial market without any cover for its users.
- Justswap also has high profitability, by using justswap users also get fees that have been processed continuously without any commission.
i tried to exchange 1 TRX to USDT on sunswap
Justlend is mainly used to borrow and lend tokens.
I just supplied 3TRX to Justlend's liquidity supply pool.
Sun.io is used for
-Same stable coin exchange
Used for stake mining
Used for self-government
3.) How can you optimize mining rewards by installing TRX and other TRC20 tokens on Sun.io? Example?
Initially we only need to download the tronlink application from google chrome or even use the google play store, then we only need to connect our wallet with the tronlink application, then we only need the covered menu to find some DAPPS, and this time I tried to use Sun.io DAPPS .
On one of the menus on DAPPS Sun.io, we can invest by staking using Sun and TRX tokens. The benefits offered on the staking menu vary depending on how much and how little we invest there.
Conclusion :
TRON is a leading blockchain-based operating system that aims to build DeFi systems based on the TRON Blockchain. The Tron Ecosystem has made it very easy for Tron Blockchain users so far because there are several leading DAPPS collaborating with the Tron Ecosystem. Justswap is one of the decentralized token exchange Dapps in the current Tron ecosystem so that it can make it easier for Tron Link users because JUSTSWAP can be accessed directly using Tron Link. Justlend is one of the DAPPS on Tron Link that we can use for official loans using the DeFi-based TRON Ecosystem. Sun.io This is one of the DeFi-based DAPPS in Tron Link, Sun.io is also not much different from justlend's function.
Best Regard,
@al-amin2021