The CEO of the TRON Foundation, Justin Sun, has announced the next products that will become part of this blockchain’s ecosystem.
3 exciting decisions were made today! 1) #TRON's version of Uniswap "JUSTswap" will launch on Aug 17th 2) #USDJ & #JST yield farming will launch on Aug 31st & 3) #TRON will officially launch blockchain oracle soon!! #TRX $JST
— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 21, 2020
As can be read from the tweet, the details relate to three different projects:
- JUSTswap, which is called TRON’s Uniswap;
- USDJ and JST yield farming, which are techniques for obtaining more tokens by providing liquidity and borrowing tokens;
- An official TRON oracle.
These are interesting tools which could be used widely, something that can already be seen on several other blockchains.
The launch of JUSTswap is scheduled for August 17th. This should have the same dynamics as Uniswap, allowing to exchange several tokens with each other in a completely decentralized way. In addition, anyone can list their token.
As a matter of fact, one of the major operators to list TRON tokens, whether TRC-10 or TRC-20, is Poloniex, but the listing has to pass a series of checks in order to be approved.
As far as yield farming is concerned, this is scheduled for the end of August, both for USDJ, the stablecoin pegged to the US dollar and for JST, the protocol’s governance token of which today there will be the third airdrop.
It is difficult to predict how the project will evolve, who knows whether it will involve the creation of a third token. It could also use a system like that of Compound and thus distribute tokens among users who interact with these tools.
Finally, little is still known about the decentralized oracle, whose official name is still missing, for now it is referred to as JUSToracle. Some members of the community suspect it is Bridge Oracle.
Obviously criticism of this announcement has not been lacking and the tweet has several negative comments about Justin Sun simply copying what is already on the market.