Key Takeaways:
- Oracle Partnership: Tron DAO will switch from WinkLink to Chainlink as its oracle provider for DeFi apps JustLend and JustStable, which have a combined $6.5 billion in TVL.
- Scale Program Inclusion: Tron joins Chainlink’s Scale program, initially covering operational costs to boost ecosystem growth, with fees shifting to DApp users over time.
- Focus on Stablecoins & RWAs: The Chainlink integration aims to drive development of Tron-based stablecoins and real-world asset applications.
Tron’s DAO recently announced that it will partner with Chainlink as its new oracle provider, replacing WinkLink to support its DeFi applications JustLend and JustStable, which hold over $6.5 billion in total value locked (TVL).
Chainlink’s data feeds will supply crucial pricing information, enhancing the DeFi experience on Tron.
Today’s announcement: @trondao has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON’s official oracle. Once upgraded, $6.5B+ in DeFi TVL will be secured by @chainlink , creating opportunities for Chainlink and TRON’s $60B+ in stablecoins and RWA! pic.twitter.com/ArDkMysuMq
— H.E. Justin Sun🌞(hiring) (@justinsuntron) October 31, 2024
This partnership involves Tron joining Chainlink’s Scale program, aimed at driving ecosystem growth, initially subsidizing operational costs like gas fees for Chainlink’s oracle services.
Over time, these costs will shift to user fees within decentralized applications (DApps).
.@trondao has joined Chainlink Scale & is adopting Chainlink Data Feeds as TRON's official oracle solution.
— Chainlink (@chainlink) October 31, 2024
Once upgraded, TRON DAO will discontinue its support for @WinkLink_Oracle & $6.5B+ in DeFi TVL will become secured by Chainlink.#RoadToSmartConhttps://t.co/gbk3oHrkoU pic.twitter.com/rqRZyRMtx8
According to Thodoris Karakostas from Chainlink Labs, this integration will empower Tron developers to expand the decentralized ecosystem further.
Tron DAO representative Sam Elfarra noted that joining the Scale program aligns with Tron’s strategy to elevate its DeFi capabilities.
Tron’s founder, Justin Sun, emphasized on social media that Chainlink’s integration will open new opportunities, particularly for Tron-based stablecoins and real-world assets (RWA), potentially expanding Tron’s financial services offerings.
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