KEY TAKEAWAYS
- Sushi integrates with the TRON network, expanding its DeFi platform beyond Ethereum-based chains.
- TRON’s network, with over 276 million users, enhances its DeFi offerings through this integration.
- Users can bridge assets, swap tokens, and provide liquidity on TRON via Sushi’s platform.
Sushi, a prominent decentralized finance (DeFi) platform, has announced its integration with the TRON network, marking its second non-Ethereum Virtual Machine (EVM) chain integration. This development allows users to trade and provide liquidity on TRON via the Sushi V2 Automated Market Maker (AMM).
The TRON network, known for its focus on decentralizing the Internet, boasts over 276 million users and accounts for approximately 30% of the entire stablecoin market. This integration aims to simplify the DeFi experience for users on TRON.
Understanding TRON’s Role in Decentralization
The TRON DAO is committed to advancing the decentralization of the Internet through blockchain technology and decentralized applications (dApps). Since its full decentralization in December 2021, TRON has operated as a community-governed DAO, fostering a vibrant ecosystem of users and dApps.
With over 9.1 billion transactions recorded, TRON has established itself as a significant player in the blockchain space. This integration with Sushi is expected to enhance the network’s DeFi offerings.
Engaging with TRON on Sushi
Users interested in engaging with TRON on Sushi have several options available:
Bridge: Assets can be bridged from Ethereum to TRON using the BitTorrent Bridge, facilitating seamless asset transfers.
Swap: Token swaps on TRON offer faster transactions and reduced fees, enhancing the user experience.
Liquidity Provision: Users can provide liquidity to existing pools or create new ones, contributing to the network’s liquidity and earning potential rewards.
For more details, the official announcement can be found here.
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