HELLO EVERYONE,
Hope you all are doing well. My name is Syed Huzaifa and I intend to write about Tron Ecosystem today. This is Crypto Academy Season 4 Beginners' course - Task 1 homework post assigned by @sapwood.

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?

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TRON ECOSYSTEM:

TRON is a blockchain ecosystem designed by developers all over the world. It works on the concept of decentralization. Tron chain is a decentralized network and performs as the core of the TRON ecosystem which was launched in 2018. TRON chain is one of the most secure systems presently, and obviously, it's secure due to the decentralized network. It offers great efficiency and stability to its user. Another significant advantage of TRON is you can deploy and run a decentralized application(Dapps) using the TRON ecosystem and its protocol.

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DAPP:

Decentralization application is a digital program that runs on a blockchain in a peer-to-peer fashion instead of being controlled by a person or an organization. Dapps create an open-source ecosystem that provides protocol and is resilient.

DApps In The Tron Ecosystem

Here is the list of some of the Dapps in the Tron ecosystem I'm familiar with.

Dapps	Blockchain
JustSwap	TRON
Poloni DEX	TRON
USwap	TRON

JustSwap:

JustSwap is a TRON's network first ever decentralized exchange(DEX) built for exchange between TRC20 tokens.

Source

Poloni DEX:

As well as JustSwap, Poloniex is a crypto exchange used for buying selling other cryptocurrencies like Bitcoin(BTC), Ethereum(ETH), TRON(TRX), etc. Poloniex is one of the most secure and reliable crypto exchanges.

Source

USwap:

Like all other Dapps, USwap is also a Decentralized Exchange (DEX). USwap is an upgraded version of the UNISWAP V2 model built for the Ethereum(ETH) network.

Source

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Uses Of DeFi Applications

Following are the uses of Defi Applications given below:

JustSwap:

As we have talked about before, JustSwap is the first-ever decentralized exchange protocol on the TRON network. JustSwap offers its user to swap a token having the same branch. The biggest problem with DEX is that liquidity is scattered because there is no such central system, which then(Source) remains in the decentralized wallet of a user. This problem was resolved by the AMM mechanism which introduces a (xy=k)mechanism( product-market making constant).

JustLend:

JustLend is another De-Fi application that runs on the platform of the TRON ecosystem. Justlend is a network protocol where you can make transactions, where it charges the lowest transaction fee. JustLend is a well-known application where an individual can also lend (Source
) or borrow funds.
There are two pools established by Justlend, Supply Pool and Borrow Pool. The rate is defined according to the supply-demand ratio. In this system, the supplier receives the interest and the borrower has to pay the interest. JustLend offers its user to trade in 13 other markets.

Sun.io:

SUN is a cryptocurrency introduced to develop the decentralized finance (Defi) on the blockchain network TRON (TRX). One can earn a premium in the SUN system from stake mining. SUN token is a multifunctional governance token on the sun network. Sun supports coin swap, mining, and self-governance to the community (Source) and its users. As per some predictions, SUN can be a profitable investment option.

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Mining Rewards By Staking TRX In Sun.io:

Mining rewards can be earn by staking your liquidity provider (LP) tokens. For doing so, there is a process to be followed. For the SUN-TRX LP, an individual has to supply both SUN and TRX to the liquidity pool in JustSwap where you can swap with other currencies. From there you will be provided with SUN-TRX LP token further used to stake in Sun.io to mine SUN tokens(APY 73.2%).
There are two types of staking mining:
1. Stake SUN Pool
2. Stake & Lock SUN Pool

Here is how you can stake SUN token on Sun.io:

1. Go to Sun.io, and then click on stake.

If you don't have a TronLink account, in order to connect it with Sun.io, a user has to create a TronLink account.

1. Then, click on deposit.
2. Now, enter the value and permit the transaction.

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Conclusion:

So we learn that what is a TRON ecosystem and what is the application running on this platform. We learn about Dapps and their uses. It was also briefly explained how a user can earn mining rewards by staking TRX tokens.

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I hope you like today's post and learn something new. Take care, Goodbye.

Regards,
@syedhuzaifa123.

Special Mention:
@sapwood