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Tron Army bemoans the lack of DeFi protocols that are classic and bridging options.
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The community highlights issues of trust and suggests improvements.
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Justin Sun is committed to improving DeFi capabilities in Tron.
Tron, the leading blockchain platform, has been criticized by its community for the integration of Decentralized Finance (DeFi) protocols, and the overall functionality, of its network. Tron, despite being known for its quick transactions, has faced challenges with DeFi adoption.
PaperImperium questioned in a recent Tron post the absence of DeFi protocols. They pointed out the difficulties of bridging the network, as it relies primarily on centralized swaps instead of decentralized solutions.
A commenter suggested that Allbridge could be used to swap into Tron USDT, but noted that there were liquidity issues for transactions above $1 million.
Justin Sun, the founder of Tron, has acknowledged that PaperImperium raised a valid concern. He responded by indicating that he was committed to addressing these concerns. Sun said, “This is where our focus should be.”
Several community members have suggested solutions to improve Tron’s ecosystem. X user TCB suggested connecting Tron with the broader DeFi area using THORChain. He advocated collaboration with Nine Realms to facilitate a rapid integration. Other community members agree with this view and recommend THORChain to be a potential DeFi Hub for Tron.
Deelab, a commenter, brought up several issues. These included the lack of bridging options and liquidity on Tron. Most of the liquidity is USDT, which is primarily used by centralized exchanges.
According to him, this situation leads to Tron’s On-chain activity being more CEX focused rather than involving true DeFi users. Deelab raised concerns over safety and trust issues. For example, the removal of transactions by the Tron Foundation from Tronscan could create a challenging environment to DeFi protocols.
Other community voices have highlighted technical challenges. Joxes.eth stated that changes to Tron’s EVM were unattractive, and discouraged developers from building on it.
Despite these challenges some community members see potential for growth. X user “Ape”, a member of the Tron community, said that Tron’s marketing strategy could be successful if it went beyond promoting fast payments and highlighted investment opportunities.
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