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Just 3 dApps owned by Justin Sun own 99.9% of TVL on Tron network. Just a reminder that Justin controls everything on it.

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by COINS NEWS 104 Views

Just 3 dApps owned by Justin Sun own 99.9% of TVL on Tron network. Just a reminder that Justin controls everything on it.

Justin Sun has always been a controversial figure, from pushing a sketchy ICO days before China banned ICOs, to escaping to Grenada, to making Tron the largest reserve blockchain for USDT, and then launching an algorithmic stablecoin USDD with 100%+ interest rates right as Terra's UST was failing.

Tron is still the 15th largest Cryptocurrency by marketcap.

But why would you trust that when the 3 largest dApps that own 99.9% of the $5.2B TVL on Tron are owned by Justin Sun?

  • JustLend: $3.48B
  • JustStables: $1.21B
  • SUN: $508M

So Justin Sun owns a total of $5.198B of the $5.2B TVL on Tron, or 99.9%.

Tron TVL chart from DefiLlama

Would you trust these 47% interest rates for yield farming on USDD-USDT stablecoin LPs on his SUN.io dApp?

On Sun.io

submitted by /u/FluffayPenguin
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