Isolated Lending Market for TRX/NFT/WIN/BTT/USDD on Venus

Venus Protocol Governance Topic
Summary

TRON DAO members propose the addition of TRX/NFT/WIN/BTT/USDD as collateral to Venus BNB market with the creation of an Isolated lending market.

Here is the breakdown of the listed tokens background

1. The Background of TRX

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018.

July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years.

As of February 2023, it has over 141 million total user accounts on the blockchain, more than 4.8 billion total transactions, and over $11.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021.

The TRON network completed full decentralization in December 2021 and is now a community-governed DAO.

In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure.

On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.

Website: https://trondao.org/
Twitter:https://twitter.com/trondao
Discord: http://discord.gg/trondao
TRON docs: https://developers.tron.network/
Bug bounty: HackerOne

2. The Background of BTT

BitTorrent Protocol is the world’s largest decentralized protocol with over 2 billion users. BitTorrent Inc. invented and maintains the BitTorrent protocol. While there are many implementations of BitTorrent software , BitTorrent and µTorrent (often called “utorrent”) remain two of the most popular.

In 2018, BitTorrent Protocol reached a strategic partnership with TRON Blockchain Protocol. The collaboration of the two makes TRON Protocol the world’s largest decentralized ecosystem; It also makes BitTorrent Protocol the biggest decentralized application in the world. On July 24, 2018, TRON successfully acquired BitTorrent and all BitTorrent products.

Website: https://bttc.bittorrent.com/
Twitter: https://twitter.com/BitTorrent
Medium: BitTorrent Inc. – Medium
Discord: TRON Developers & SRs
Forum: https://forum.bt.io/
Contribute Code/Docs: How to Contribute | Bittorrent-Chain Docs
Bridge: https://app.bt.io/bridge

3. The Background of APENFT (NFT)

APENFT officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of the TRON blockchain, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). At the core of our mission, APENFT aims to facilitate the creator economy while catalyzing both financial and cultural inclusion in the metaverse. Our vision is to integrate both the virtual and the real worlds seamlessly. APENFT Foundation is the world’s first NFT art foundation that realizes crossover purchases. We aim to bridge conversations between stakeholders in the traditional art world and the digital art community emerging around NFTs, promote inclusiveness and diversity, broaden our multimedia audience, and increase all members’ engagement. In the future, our collection will be made available to the entire community through a series of curated online exhibitions in the metaverse.

The APENFT token (NFT) is the official governance token issued by the APENFT Foundation. It is a decentralized digital asset that is backed by TRC-20 protocols, and serves as proof of rights on APENFT. With the designation of TRON as the national blockchain for the Commonwealth of Dominica, NFT has been granted statutory status as authorized digital currency and medium of exchange in the country effective on October 7th 2022.

Currently, NFT is traded on over 27 CEXs and DEXs including OKX, Huobi, KuCoin, Bybit, Uniswap, Pancakeswap and Sunswap.

Website: https://apenft.io/
Twitter: https://twitter.com/apenftorg
Discord: APENFT
Medium: https://apenftorg.medium.com/
Telegram: Telegram: Contact @apenftEN

4. The Background of WINkLink (WIN)

WINkLink is the first TRON ecosystem comprehensive oracle WINkLink fully integrates the real world with the blockchain space and will be able to provide reliable, unpredictable and verifiable random numbers, and fully restore trust and improve user experience by tapping into data, events, and payment systems etc. from the real world.

The WINk team completed the acquisition of justlink.io on April 26, 2021, and WINkLink became the first TRON ecosystem comprehensive oracle. WIN, a TRON-based TRC20 token, will be the governance token of the WINkLink oracle network.

Up to now, WIN has been listed on Binance, KuCoin, Poloniex, Bithumb, HitBTC, WazirX and many other well-known international exchanges.

Website: https://winklink.org/
Twitter: https://twitter.com/WinkLink_Oracle
Medium: https://winklink-oracle.medium.com/
Telegram: Telegram: Contact @WINkLink_Oracle_official

5. The Background of USDD

USDD is an over-collateralized decentralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network and is a standard TRC20 token, now available on 10 chains, Ethereum, TRON, BNBChain, BTTC, Polygon, Arbitrum, Aurora, Avalanche, Aptos, and Fantom.

USDD is pegged to the US Dollar and maintains its price stability under the guidance of the TRON DAO Reserve. Its value is backed by the over-collateralization of highly liquid crypto assets under the TDR, including BTC, USDT, USDC, and TRX. The circulation and use of USDD are free from the intervention of any centralized parties. Similar to BTC and ETH, USDD grants its holders full ownership, meaning that no organization or individual has access to freeze users’ USDD.

With the designation of TRON as the national blockchain for the Commonwealth of Dominica, USDD has been granted statutory status as authorized digital currency and medium of exchange in the country effective on October 7th, 2022.

Website: https://usdd.io/
Twitter: https://twitter.com/usddio
Discord: USDD
Telegram: Telegram: Contact @usddio

Benefits

Use cases for the TRON suite of assets on Venus:

All of the Tokens listed above (TRX/NFT/WIN/BTT/USDD) would be rendered available to be lent and borrowed on Venus and JustLend, easily bridged between the two chains, possibly bringing greater TVL to Venus and bringing more Cross-chain collaborations and opportunities between the TRON and Venus platforms for our users.

Some new Use cases for the suite of TRON assets on Venus Isolated Markets:

  • TRON users would be able to seamlessly bridge their assets directly from TRON and BTT Chain to Venus on BNB Chain and fully enjoy the benefits Venus and other BNB Chain dApps have to offer.
  • BNB Chain users will be able to supply or borrow any of these assets and also bridge them to TRON to use new dApps on TRON or simply Lend and Borrow against them on JustLend as well. .

Venus Isolated markets will unlock new DeFi possibilities for the TRON ecosystem users as it will for BNB Chain users as they will be able to use their tokens as collateral in Venus or TRON to easily access liquidity. Venus will also tap into TRON’s rapidly growing network of users all over the world!

In addition, TRON DAO will bring the following support to Venus Isolated Markets

For the liquidity

We will provide 1 million in TRX and 1 million in USDT as liquidity

For the user incentive rewards

We will provide 64,000 USD worth of tokens as incentive rewards for all of the new markets.

Details here:

  1. We will provide 5,000 USD worth of TRX tokens as incentive reward which means a total of 78,557 TRX
    $ 5000 TRX (BTTC Bridge version 0xCE7de646e7208a4Ef112cb6ed5038FA6cC6b12e3B)

  2. We will provide 25,000 USD worth of BTT tokens as incentive reward which means a total of 34,506,556,246 BTT
    $ 25,000 BTT (BTTC Bridge version 0x352Cb5E19b12FC216548a2677bD0fce83BaE434B)

  3. We will provide 5,000 USD worth of APENFT tokens (NFT) as incentive reward which means a total of 10,416,666,667 NFT
    $ 5,000 NFT (BTTC Bridge version 0x20eE7B720f4E4c4FFcB00C4065cdae55271aECCa)

  4. We will provide 4,000 USD worth of WINklink tokens (WIN) as incentive reward which means a total of 42,863,267 WIN
    $ 4,000 WIN: (Binance-peg version 0xaeF0d72a118ce24feE3cD1d43d383897D05B4e99)

  5. We will provide 25,000 USD worth of USDD as incentive reward which means a total of 25,000 USDD
    $ 25,000 USDD: (BTTC bridge version 0xd17479997F34dd9156Deef8F95A52D81D265be9c)

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