STRX Finance

STRX Finance

Inspiration

TRON Blockchain is the 2nd Blockchain with highest TVL. The network is designed to have zero transaction fees and conducts approximately 2,000 transactions per second. The cost of transaction is high when triggering a smart contract, which then leads the users to rent energy from major energy providers in TRON Ecosystem. This inspired us to create a liquid staking platform on TRON Ecosystem which will help users to earn more TRX by generating revenue from participating in consensus and also renting energy to other users to do cheaper transactions on TRON Network.

What it does

Users that staked TRX using STRX.FINANCE can get a set proportion of SFI Token in exchange for the stake, the SFI token received can generate voting rewards and lending incentives in DeFi.

Accomplishments that we're proud of

We are proud of the work we did in last few weeks to create something new in the TRON Ecosystem, which enabled the users to participate in consensus while holding the same amount of asset in their wallet. We are proud to be the first liquid staking platform built on TRON Ecosystem.

What we learned

We tried to build a truly decentralised system at first, then we found out that the freeze and unfreeze methods are disabled in the TVM, so we had to go through MultiSig wallet route.

What's next for STRX Finance

STRX Finance will continue to build more platforms on top of it, and it will also switch to decentralised model once freeze and voting mechanism enabled in TVM.