USDD will affect the #tron ecosystem heavily
As there is a demand for USDD due to a 30% apy advertised, more and more #trx will be burned
This will cause TRX to become hyper deflationary as we are already deflationary.....
As there is a demand for USDD due to a 30% apy advertised, more and more #trx will be burned
This will cause TRX to become hyper deflationary as we are already deflationary.....
As there is less TRX and more USDD demand, the price of TRX will go up
There are some other effects as well.
As TRX price increases, the cost of gas/energy will also increase.
Hopefully, the SRs will vote to reduce fees for the Blockchain
There are some other effects as well.
As TRX price increases, the cost of gas/energy will also increase.
Hopefully, the SRs will vote to reduce fees for the Blockchain
Why would they? Because they generate TRX and help with keeping the peg (arbitrage).
If they dont't then fees on Tron will be sky high.
Energy for Free Transactions, might be more readily available as less people stake TRX for energy and instead use USDD.
If they dont't then fees on Tron will be sky high.
Energy for Free Transactions, might be more readily available as less people stake TRX for energy and instead use USDD.
Hopefully, this move stimulates TRX price movement, and gets more users into the DeFI ecosystem of Tron.
More usage could cause more TRX burn, dapp development, and people to notice Tron.
I'll be interested to see what happens, hold on to your horses. 🐂👈
More usage could cause more TRX burn, dapp development, and people to notice Tron.
I'll be interested to see what happens, hold on to your horses. 🐂👈
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