TRON launched MakerDAO similar DeFi platform
The TRON Foundation has a new DeFi – and Stablecoin-System with the name of “Djed” is presented.
The popularity of the decentralized financial management (DeFi) has exploded in the last few months; the idea to provide financial applications in a distributed Medium, and to improve the functionality and access, has attracted thousands of users, and a value of hundreds of millions of dollars. So far Ethereum is without a doubt the leading DeFi-Ecosystem under the block chains. Due to the success of Ethereum’s Defined it should not be surprising that competing block try chains to copy the success of the Ethereum-based DeFi.
One of these block chains, not surprisingly, is TRON. Justin Sun, yesterday, announced a DeFi-Ecosystem in the MakerDAO style, known as the Djed,. Djed is supported a TRX, to the USD-named Stablecoin, USDJ, have. At the beginning of the year, by Justin Sun of the Tron Foundation announced step was today officially announced on Twitter. According to the official website and the white paper of the project, Djed is a decentralized Stablecoin-solution, which allows users to Bittorrent and Tron Token as a security for the Stablecoin USDJ to behind, the “is supported by a huge amount of capital reserves to maintain price stability”. In the white paper the System is described as following:
USDJ is a new currency that is generated by decentralized Smart Contracts in the TRON network. Anyone can pledge TRX as a security, in order to generate USDJ. USDJ is brought up like any other crypto-currency in free circulation once it has been generated. It is bound by Collateralized Debt Positions (CDPs) to the US Dollar, and also has Autonomous Feedback mechanisms.
Remarkably, acknowledged the Djed Team in the white paper that the marks in the current TRON Ecosystem of everyday life, given their impermanence “fit”.
TRON “oriented” in order to Ethereum and MakerDAO
Although MakerDAO was not copied, many were quick to draw Similarities between the technical specifications of the Djed-white papers and MakerDAO, the flagship of Ethereums DeFi application. It is easy to see why you do this critic; of the mechanism, with the USDJ embossed, and the white paper, the terminology used resemble uncannily the MakerDAO.
The Djed DeFi Ecosystem of Tron also has a number of other Similarities with the DeFi giant MakerDAO developed Ecosystem. The proposal includes a stability fee, community management, a price stability mechanism and a mechanism for Liquidation. The Djed-platform will have its own shortcuts, JED. In the white paper, it was stated that each of the Tron account suggestions for improvement may submit the JED holders are entitled to vote. The System of the community event is similar to that of MakerDAO also strong.
