Crypto academy season 4, beginner's course, Tron ecosystem by @emmyrubby

in hive-108451 •  3 years ago  (edited)

Hello great minds in this wonderful community, welcome to the steemit crypto academy season 4, before I proceed I won't fail to appreciate a great figure, our Noble professor @sapwood for his wonderful lecture.

PicsArt_12-07-01.44.44.jpg

So I will proceed by following up the questions accordingly.

  • What are the different dApps are you familiar with?
  • What are the uses of Defi applications like Justwap, JustLend, Sun.io?
  • How can you optimize mining rewards by staking TRX and other TRC20 tokens in sun.io?examples?

Question 1(What are the different dApps are you familiar with?)

The following are dApps in the tron ecosystem am familiar with.

  • Just
  • JustLend
  • Forsage
  • Wink
    And offcourse
  • Steemit

JUST

7e3b5f4c5d9e483aa40dc1a4e02dfe91 (1).jpg

Source

Just is a decentralized platform that is among the tron ecosystem, it brings about stable coin lending for it's users, Just is made up of two token, USDJ and JST.
USDJ: is a coin generated by using TRX as a collateral means through the Just's CDP portal.
JST: is the second token that is used for activities in JUST platform, also for voting and maintenance of the platform.

JUSTLEND

download (1).jpeg

Source

JustLend is a defi tron-base application that enables users to lend, borrow and deposit assets.

FORSAGE

K11Dttvc_400x400.jpg

Source

Forsage is also a dApp in the tron ecosystem, it's users earn tron by registering people constantly with their referral links, it's a smart contract. Forsage launches XGold BUSD on the 1st of December.
BUSD is a stablecoin issued by binance company, it is a US crypto currency, 1 BUSD is $0.9997 approximately $1.

WINK

4206.png

Source

Wink is also on the tron ecosystem, a decentralized app that deals with sport activities, games and gambling too.
WIN is the token used in making transactions and placing of bets.

STEEMIT

steemit.png

Source

Steemit is what I do everyday, every minute. It's is a social platform based on the steem block chain, it became a dApp on the tron ecosystem in the year 14th February 2020. It rewards it's users with SBD, SP and TRX for their nice and quality contents.
It was founded by Dan Larimer and Ned Scott in July 2016.

QUESTION 2(What are the uses of Defi applications like Justwap, JustLend, Sun.io?)

JUSTSWAP: JUSTSWAP is a tron-based application primarily used in the trade of TRC20.

Screenshot_20211206-115115~2.png

Source

it is a decentralized application that helps users swap TRC20 tokens.

JUSTLEND: as said earlier, it is a decentralized platform that enables one to lend and deposit assets to gain interests.

Screenshot_20211206-213926~2.png

Source

SUN.OI: is also a decentralized app in the tron ecosystem used in swapping stablecoins and in staking.

Screenshot_20211206-215516~2.png

Source

it performs swapping features too like JUSTSWAP but it is also used in staking.

QUESTION 3 (How can you optimize mining rewards by staking TRX and other TRC20 tokens in sun.io?examples?)

The first thing you need to do to optimize mining rewards by staking TRX and TRC20 tokens in sun.io is to install Tronlink pro wallet.

Screenshot_20211207-064304~2.png
screenshot of my Tronlink pro wallet

Then connect your Tronlink wallet in sun.io

Screenshot_20211207-063548~2.png

Source

Proceed to stake on sun.io in the various options provided, when you click stake, you will be given two options, stake and lock, clicking stake means you can withdraw anytime you like, but clicking lock means you are only withdrawing when it is due.
Maybe in 6 months, 1 year and so on, you earn more interest when you lock it, "longer period, higher returns"

Screenshot_20211207-104409~2.png

Source

CONCLUSION

Tron ecosystem has gone broad, have different dApps and is of a great value. It had really been of help financially, it's difficult dApps are educative, engaging and entertaining.

IMG-20211111-WA0030.jpg

Regards to @sapwood for this wonderful course about the tron ecosystem, I have gotten a broad knowledge about the tron ecosystem.

Best Regards to our wonderful professors
@dilchamo
@nane15
@sapwood

I @emmyrubby is in support of #club5050..😊😊

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Please sir @sapwood, @dilchamo and @nane15, I haven't been scored and it's 5 days now