Lending accounts for 55% of the total value locked (TVL) on the TRON network, and this figure has steadily increased since 2022. This growth is primarily due to platforms like JustLend, which enable users to participate in decentralized lending. Lending has become a game-changer for both the TRON network and its users, with the prominent benefit of generating passive income.
Users can earn passive income by lending cryptocurrency and receiving interest without having to sell their assets. JustLendDAO makes it easy for people to access decentralized financial services without intermediaries and geographical restrictions.
The lending process is secured by collateral, protecting lenders from the risk of default. JustLendDAO also directly contributes to liquidity on TRON, making the network more efficient and attractive for those seeking quick lending and borrowing solutions.
This development is having a positive impact on TRON's DeFi ecosystem, reinforcing the network as a reliable platform for decentralized financial services. The success of JustLendDAO is helping TRON become one of the most promising networks in the DeFi space.