Si bien la propuesta de Sun no tiene nada de curioso, lo que llama la atención es que promueva operar con USDD at a time when there is a lot of tension about algorithmic stablecoin, especially after the collapse of the Terra ecosystem once tokens collapsed. LUNA y UST.
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The creator of the project Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. TRON, Justin Sun, invited his stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. followers and investors. USDD a que participen y depositen sus fondos en el protocolo de Yield Faming, JustLend The platform’s platform a place to buy, sell and store cryptocurrency is a very popular platform, boasting of the high returns it would derive for all those willing to participate in the returns programs available on the platform.
Sun’s invitation took place through a message posted on his account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of Twitter, where he commented as follows:
“Mining #USDD is now active through justlend.org with 40% APR. You can deposit your #USDD at Justlend”.
#USDD mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. is live now on https://t.co/AzvfhEjc3G with 40% APR. You can now deposit your #USDD in Justlend.pic.twitter.com/6WhX9fhpEP
– H.E. Justin Sun ???????????????? (@justinsuntron) May 12, 2022
As such, JustLend is a service platform DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. based on the network a network refers to all nodes in the operation of a blockchain at any given moment in time. of TRON which offers services similar to those available on other very popular network sites such asEthereum, Avalanche o BNB Smart Chain. However, the attractiveness of this proposition seems to centre on the returns on offer, which at best are close refers to the closing price; similar to the same term used in stock trading. to 40% per annum, a figure that looks quite lucrative for the current state of the decentralised finance sector in general.
Bad time for this kind of recommendation?
While there seems to be nothing wrong at first glance with the proposal made by Sun, many critics and analysts question whether this is a good time to make this kind of commercial offerings, especially after the strong shakeup that the crypto ecosystem suffered after what happened to the Terra network by the fall in tokens. LUNA y UST.
Let us keep in mind that UST was the flagship stablecoin in the ecosystem of the Earth, which has gained a lot of popularity in recent times because of the development team’s plans to back its value with reserves in BTC, cosa que a su vez motivó una agresiva campaña de compra en los principales mercados.
However, being UST supported mainly byBTC y MOON, the fall seen in these two cryptocurrencies pushed down the stablecoin price, which led it to lose its parity with the US dollar and fall well below that barrier. This generated a lot of fear in the market, and after a series of measures taken to prevent possible attacks on the network, the price of both cryptocurrencies plummeted, putting the project in serious trouble. Earth.
Leaving aside what happened with Earth, the proposal of JustLend is very similar to the one offered by the platformAnchor with UST, which also derived quite high yields for stablecoin users willing to participate in its Yield Farming.
Doubts regarding USDD
A particularly striking aspect of Sun’s proposal lies precisely in the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. USDD, which is an algorithmic stablecoin recently launched on the TRON, which is also covered by reserves stored in a DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. mainly in TRX. The operating model of this cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. closely resembles that of the UST de Earth, which precisely led to its abrupt fall.
With regard to the proposal for USDD and its parity with the U.S. dollar, Sun commented:
Although the market an area or arena, online or offline, in which commercial dealings are conducted. downturn has been strongly felt on a good part of the main exponents, TRX has been one of the cryptocurrencies that has not felt as intensely the onslaught seen in other assets. The coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. is currently trading at around USD $0.07 per unit, trading gains gains refer to an increase in value or profit. of 13.12% in the last 24 hours.
- Terra founder Do Kwon proposes new plan to realize “The reboot of the entire Blockchain network”
- During Drastic Price Drop, Tether Announces Tron Chain Switch to Ethereum a decentralized open-source blockchain with smart contracts functionality. and Avalanche
- Justin Sun’s Tron DAO, bought 500 bitcoins in the fall, will back new USDD stablecoin
Source: Decrypt , Twitter
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash
