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Tron to Offer Mooniswap Users TRX Rewards Following Integration

Tron to Offer Mooniswap Users TRX Rewards Following Integration

TRON has partnered with decentralized aggregator 1inch.exchange to add support for TRC-20 tokens.

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by Nivesh Rustgi

Tron lands its first major DeFi partnership, with the announcement of integration with 1inch.exchange. 

Tron’s DeFi Bet 

Mooniswap is the automated market maker and liquidity pool provider for 1inch.exchange initially built for ERC-20 tokens. JustSwap is a Tron-based trading protocol that provides automated liquidity provisions for TRC-20 tokens. 

Thanks to the integration, 1inch.exchange will be able to swap ERC-20 and TRC-20 tokens, which may boost Tron’s DeFi presence. Justin Sun’s company also plans to reward liquidity providers (LP) on Mooniswap with TRX tokens as an additional incentive.

Developed by co-founders Sergej Kunz and Anton Bukov, 1inch.exchange made substantial progress last month with Mooniswap’s launch and 1inch token launch to achieve complete decentralization on its DEX. The exchange bagged VC funding worth $2.8 million in just one week of its launch. 

The partnership will help the growth of JustSwap pools and improve price accuracy for trading. Moreover, the Mooniswap and 1inch integration will enhance the earnings for Tron-based LPs and yield farmers. 

Disclosure: This article was edited by Nivesh Rustgi. For more information on how we create and review content, see our Editorial Policy.
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Tron to Offer Mooniswap Users TRX Rewards Following Integration

Tron to Offer Mooniswap Users TRX Rewards Following Integration

TRON has partnered with decentralized aggregator 1inch.exchange to add support for TRC-20 tokens.

by Nivesh Rustgi

Share

Add us on Google

Tron lands its first major DeFi partnership, with the announcement of integration with 1inch.exchange. 

Tron’s DeFi Bet 

Mooniswap is the automated market maker and liquidity pool provider for 1inch.exchange initially built for ERC-20 tokens. JustSwap is a Tron-based trading protocol that provides automated liquidity provisions for TRC-20 tokens. 

Thanks to the integration, 1inch.exchange will be able to swap ERC-20 and TRC-20 tokens, which may boost Tron’s DeFi presence. Justin Sun’s company also plans to reward liquidity providers (LP) on Mooniswap with TRX tokens as an additional incentive.

Developed by co-founders Sergej Kunz and Anton Bukov, 1inch.exchange made substantial progress last month with Mooniswap’s launch and 1inch token launch to achieve complete decentralization on its DEX. The exchange bagged VC funding worth $2.8 million in just one week of its launch. 

The partnership will help the growth of JustSwap pools and improve price accuracy for trading. Moreover, the Mooniswap and 1inch integration will enhance the earnings for Tron-based LPs and yield farmers. 

Disclosure: This article was edited by Nivesh Rustgi. For more information on how we create and review content, see our Editorial Policy.