We all seen the rise of Defi recently but some members still do not understand the topic. We hope that this post can help users understand more about Defi and JUST.
Defi - Short for Decentralized Finance. The ecosystem of web applications built on blockchain technology that offer financial products and services in a decentralized manner. Therefore, the service is available to anyone, without the need for a third party like a bank in traditional finance.
Just - A team that focuses on Decentralized Finance projects on the TRON network.
JustSwap - A TRON-based decentralized trading protocol for automated liquidity provision and an open financial market accessible to all. It is an exchange protocol on TRON for exchanges between TRC20 tokens. All trading fees collected will directly go to liquidity providers of the protocol, rather than the protocol itself.
Liquidity Providers - A person who provides token pairs (liquidity) to the market. The tokens that were provided to the market will be locked for a certain amount of time to provide liquidity on trades.
USDJ - A crypto-collateralized token pegged to $1 USD. The generation of USDJ is completely decentralized and the $1/USDJ value will retain stability through a series of aligned financial incentives.
Feel free to ask if you have any questions about this topic. For all other users that have the answer to member's questions, please help them out too. Thanks!
via Community for TRONICS https://www.reddit.com/r/Tronix/comments/if8oyu/defi_and_just_questions_and_answers/
TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX. TRX is the basic unit of accounts on the TRON blockchain. The value of all other tokens derives from that of TRON. TRX is also a natural medium currency for all TRC-based tokens.