Another path for Steemit users to access Decentralized Finance on Tron blockchain by shortsegments

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· @shortsegments · (edited)
$4.64
Another path for Steemit users to access Decentralized Finance on Tron blockchain
# The dream is a Steem-Tron Trading Pair on Justswap 

![A313F9EB-590B-4081-B009-6682FD3FC60B.jpeg](https://cdn.steemitimages.com/DQmXQ8oant1g9TAH3LspABWJSAXdgzyXZzPcho166BuD7j5/A313F9EB-590B-4081-B009-6682FD3FC60B.jpeg)
#Graphic-by-@anikern

# The reality is currently a different path.

One path to take to the Tron DeFi ecosystem is to send your Steem to an exchange, swap it for Tron, then send your Tron to your Tron wallet, for example the TronLink wallet. Then you can swap Tron for SUN, JST or USDJ  and you can profit from Liquidity Pools on JustSwap or CDP’s on Just. 

All these are investments earn Tron blockchain Tokens  like Just or Sun, which are tokens created on the Tron blockchain and as such are tied to Tron Token by a smart contract on the Tron blockchain. 


### Tron blockchain specific tokens
This situation seems mysterious at first, or even complicated, but essentially Tron is the Steem of the Tron blockchain, and USDJ is similar to Steem Backed Dollars or SBD. Tron and USDJ are Tron blockchain specific Tokens. The other tokens which trade on the Tron blockchain are similar to, but not exactly like our Steem-Engine coins, in that they are created with their value defined in Tron, similar to how our Steem-engine Tokens like PAL  were defined in terms of their value in Steem.

### Steem is not a Tron blockchain Token, it’s a Steem blockchain Token
Steem can’t ***currently*** be traded on dApps based on Tron blockchain like Just or JustSwap. 

And while a simple way of you utilizing the financial applications like JustSwap on the Tron blockchain is to trade Steem for Tron on an exchange, that process does little to nothing to improve the price of Steem.


### However, you can get a Tron blockchain tradable  version of Steem on Tron, just like people are trading versions of Bitcoin on the Ethereum blockchain.

Yes, a version or form of Bitcoin called ***wrapped Bitcoin*** which is an Ethereum blockchain ERC20 Token which can be used in applications based on the Ethereum blockchain like Uniswap. So Steem could be wrapped as Tron ERC20 Token, called a TRC20 token and it could trade on the Tron blockchain, as a wrapped Steem-Tron trading pair. 

### Tron has TRC20 Tokens instead of ERC20 Tokens. 
You can trade non-Ethereum blockchain tokens on Ethereum blockchain applications like Uniswap, by representing their value with ERC20 tokens. However on the Tron blockchain, you cant use ERC20 tokens. On the Tron blockchain, non-blockchain tokens are represented by TRC20 Tokens. 
So we could ***wrap*** Steem to create a TRC20 token, which could trade on the applications based on the Tron blockchain like Just or JustSwap. 

But someone needs to write the smart contract creating ***wrapped Steem*** and create a safe place to store the Steem which gives value to the wrapped Steem. 

The wrapped Steem, like the wrapped Bitcoin, only has value because it represents the value of a real Steem or a real Bitcoin token being held by a custodian. 

So in the same way that the people who made wrapped Bitcoin ERC20 Tokens depend on someone to hold the real Bitcoin in a Bitcoin wallet or ***Repository*** we would need someone to do that for us. 

#But, if you have someone hold your Steem, while you trade the TRC20  version, you must be aware that they could take your Steem and disappear. So be #careful who you trust and trust only what you can afford to lose, if that happens. ***This is cryptocurrency, so keep your eyes wide open.***

### Why wrap Steem and change it to wrapped Steem, instead of trading Steem for Tron and using Tron?
***Using wrapped Steem creates a demand for Steem.*** ***Demand increases price.***

If we support a wrapped Steem to Tron trading pair on Justswap in  a Liquidity pool,  Liquidity Pool investors will come to profit from the pool. This exactly what happens on Uniswap and this has increased the price or value of Ethereum and the price of the Tokens in the Liquidity pools.

So you could profit along]e by trading for Tron or you can help increase the value of the value of Steem you will earn in the future, and potentially help everyone. But this comes with some risk. 

### Win for both Tron and Steem
The decentralized trading applications on the Ethereum blockchain are thought to have caused money to flow into the Ethereum blockchain. Yields on liquidity pools and other forms of DEFI are higher then many other asset classes this year, so the world is investing in DeFi applications.

Uniswap and similar dApps / applications based on Ethereum have 1-2 billion USD locked in various Liquidity Pools on Uniswap, Avava, and several others. The Ethereum Token has gone from a low of 90 USD to a high of 400 USD this year and looks to go higher.  

Tron coupled with Steem Liquidity Pools might be the event to signal a bull run for both coins. 

### Several options are on the horizon

The posts I have read suggest a #Project W is in the works by some developers here on Steemit to create wrapped Steem. 

There is also information suggesting that some form of Steem wrapping process is being worked on by #Tron-Steem developers, so we may have two good  options as well in the future. It’s possible we could wrap it in our Steem wallets, just like we power up our Steem as SteemPower. Then we could be our own custodians. But I don’t know if someone could be incentivized to create that wallet. 

 I suggest you read all options and understand some are trust less and others may involve trusting others with your Steem, so be careful. All new things are new, so problems may arise, invest what you can lose. 


## This is a win for content creators, content consumers and both Steem and Tron investors
The increase in the price of Bitcoin and Ethereum this year is one of the bright spots in 2020. If DeFi increases the value of Steem and Tron, it brings value to the Steem-Tron for everyone Content creators, Content curators and investors. 


# Lastly, we are no longer Steem or Tron. We are Steem-Tron, our futures are linked, let’s make both our futures bright.


@shortsegments


![452640E8-0BD4-4A71-BCD0-12D9E400BA9E.png](https://cdn.steemitimages.com/DQmdimrvssDSxbYnA7WRg82GXTmR3DVqTC9e4QzemyTukoH/452640E8-0BD4-4A71-BCD0-12D9E400BA9E.png)


![09830E3F-EA1B-49C9-9093-C1B1D467F9B6.jpeg](https://cdn.steemitimages.com/DQmYRujujc4JKTYDzrDmcUzTrDa5JHQm41tWa3thGErbprV/09830E3F-EA1B-49C9-9093-C1B1D467F9B6.jpeg)

![6F70984F-050E-4CFF-92EB-CF5798CAEF88.jpeg](https://cdn.steemitimages.com/DQmdVxaa2347fv6TjFYSt3FQwVnnD8Moe6oXnotvXcfxKVU/6F70984F-050E-4CFF-92EB-CF5798CAEF88.jpeg)

![E8CDFA88-DA46-4FA4-A719-4F60E571A39A.gif](https://cdn.steemitimages.com/DQmQ8GULPqwbDmwwEQHWohX82aift7NiakrcCVQ2FAmUGx6/E8CDFA88-DA46-4FA4-A719-4F60E571A39A.gif)

![4BB1F6F9-A5A2-4FF0-A8AF-7389B0665E1E.jpeg](https://cdn.steemitimages.com/DQmYyGZxchWPopqPW6m7VcwBifUtbq9oqL8qvEjZTX2gzbF/4BB1F6F9-A5A2-4FF0-A8AF-7389B0665E1E.jpeg)

![D86B7543-6B40-4933-8A71-5AFCC315EFE2.jpeg](https://cdn.steemitimages.com/DQmNjaqKY6nPFvifQXBznbkKQQBXv6QM5Kze1xrc24kzLUB/D86B7543-6B40-4933-8A71-5AFCC315EFE2.jpeg)


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vote details (75)
@gungho ·
$0.05
This could be good if it could happen.
👍  ,
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@lalai ·
I agree
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@shortsegments ·
I agree it would be wonderful if this could happen.
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@lalai ·
$0.12
Aloha to you @shortsegments
You have explained this complicated subject in easy to understand terms. I understand now, why there is no Steem-Tron trading pair on JustSwap! 

I also feel very good about the way you explained we can trade on Justswap now and also explains how these may improve in the future. 

This was very encouraging and I liked your last comment that we are not Steem  or Tron, we are now Steem-Tron. We should support the DeFi efforts on Tron by using the dApps there Just and JustSwap for DeFi. 

# Steem-Tron 

Mahalo
👍  
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@shortsegments ·
Project W
Link: https://steemit.com/projectw/@projectw/project-w-introduction-of-the-token-economy-of-project-w
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@oppongk ·
$0.06
Thank you very much @shortsegment for this detailed explanation. At first I was confused  about how to exchange from steem to Sun Tokens on the Tron DeFi. Actually, I'm thinking about how to get my Tron wallet. I believe this integration and of Sun stake, Tron DeFi, smart contract and steem exchanges for tron are to increase profitability. Thanks so much once again.
👍  
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@shortsegments ·
Your welcome, I am glad you found this valuable. May we pool our knowledge for our shared benefit.
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