TRON scam or legit? The weird case of USDD and TRX
0#tron #usdd #strategies #usd
In 2022 TRX has been one of the top 100 cryptos with the best performance, with a DeFi TVL that has literally exploded after the launch of USDD. In this video we will dig into it to understand if it's sustainable or not.
Useful Links:
Tron TVL: https://defillama.com/chain/Tron
JustLend: https://justlend.just.network/#/market
USDD: https://usdd.io/#/
USDD peg: https://www.coingecko.com/en/coins/usdd
TRX price: https://messari.io/screener
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00:00 The case of Tron
00:39 Why it is happening? What is the driver that is pushing so much Tron, is there some kind of opportunity that we can take or it is better to stay away? Is everything transparent?
01:34 A weird situation by Tron, in order to understand the reason why we have seen the Tron Ecosystem growing
01:51 The first reason, the price of TRX, the chart
02:49 One of the most important asset inside each ecosystem
03:32 If we try to dig inside the Throne ecosystem, the main protocol: Just Lend, the main asset
04:28 The point, what I was wondering, the reasons why Tron e is quite weird
05:27 My personal opinion
07:17 The other main driver: USDD
08:08 The video I made about USDD, just to summarize what I was saying in that video
08:17 LINK IN THE CORNER video USDD
08:35 My opinion
09:23 The strategy behind the foundation of USDD in order to maintain the peg
10:12 The major problem with USD, the reason why USDD has been so slow to recover the Peg
10:46 Suggestions if you wanna use USDD
11:00 Transparency
12:03 What is needed in order to mint one USDD
12:39 Conclusion