03-03-2023, 05:28 AM
Just 3 dApps owned by Justin Sun own 99.9% of TVL on Tron network. Just a reminder t
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11gc59o/just_3_dapps_owned_by_justin_sun_own_999_of_tvl/"> <img src="https://external-preview.redd.it/Cjt7QehG_pIcpJI_-SwSHPgW1Lfb6ZKgVJRNR3vHXd0.jpg?width=640&crop=smart&auto=webp&s=fc0109a0a649efec3e6c7eb612d129d6be15c1d1" alt="Just 3 dApps owned by Justin Sun own 99.9% of TVL on Tron network. Just a reminder that Justin controls everything on it." title="Just 3 dApps owned by Justin Sun own 99.9% of TVL on Tron network. Just a reminder that Justin controls everything on it." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>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.</p> <p>Tron is still the 15th largest Cryptocurrency by marketcap.</p> <p>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?</p> <ul> <li><strong>Just</strong>Lend: $3.48B</li> <li><strong>Just</strong>Stables: $1.21B</li> <li><strong>SUN</strong>: $508M</li> </ul> <p><strong>So Justin Sun owns a total of $5.198B of the $5.2B TVL on Tron, or 99.9%.</strong></p> <p><a href="https://preview.redd.it/lddn826zpdla1.png?width=940&format=png&auto=webp&s=fff8804411c3cdb57afe1ee5a178180179d3fdc7">Tron TVL chart from DefiLlama</a></p> <p>Would you trust these 47% interest rates for yield farming on USDD-USDT stablecoin LPs on his <a href="https://SUN.io">SUN.io</a> dApp?</p> <p>​</p> <p><a href="https://preview.redd.it/qztysg9zrdla1.png?width=943&format=png&auto=webp&s=1183bba35e4d3c917e75e48e4505b2adf0702e00">On Sun.io</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FluffayPenguin"> /u/FluffayPenguin </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11gc59o/just_3_dapps_owned_by_justin_sun_own_999_of_tvl/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11gc59o/just_3_dapps_owned_by_justin_sun_own_999_of_tvl/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11gc59o/just_3_dapps_owned_by_justin_sun_own_999_of_tvl/"> <img src="https://external-preview.redd.it/Cjt7QehG_pIcpJI_-SwSHPgW1Lfb6ZKgVJRNR3vHXd0.jpg?width=640&crop=smart&auto=webp&s=fc0109a0a649efec3e6c7eb612d129d6be15c1d1" alt="Just 3 dApps owned by Justin Sun own 99.9% of TVL on Tron network. Just a reminder that Justin controls everything on it." title="Just 3 dApps owned by Justin Sun own 99.9% of TVL on Tron network. Just a reminder that Justin controls everything on it." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>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.</p> <p>Tron is still the 15th largest Cryptocurrency by marketcap.</p> <p>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?</p> <ul> <li><strong>Just</strong>Lend: $3.48B</li> <li><strong>Just</strong>Stables: $1.21B</li> <li><strong>SUN</strong>: $508M</li> </ul> <p><strong>So Justin Sun owns a total of $5.198B of the $5.2B TVL on Tron, or 99.9%.</strong></p> <p><a href="https://preview.redd.it/lddn826zpdla1.png?width=940&format=png&auto=webp&s=fff8804411c3cdb57afe1ee5a178180179d3fdc7">Tron TVL chart from DefiLlama</a></p> <p>Would you trust these 47% interest rates for yield farming on USDD-USDT stablecoin LPs on his <a href="https://SUN.io">SUN.io</a> dApp?</p> <p>​</p> <p><a href="https://preview.redd.it/qztysg9zrdla1.png?width=943&format=png&auto=webp&s=1183bba35e4d3c917e75e48e4505b2adf0702e00">On Sun.io</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FluffayPenguin"> /u/FluffayPenguin </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11gc59o/just_3_dapps_owned_by_justin_sun_own_999_of_tvl/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11gc59o/just_3_dapps_owned_by_justin_sun_own_999_of_tvl/">[comments]</a></span> </td></tr></table>