Tron and Waves team up to develop DeFi projects

[Chramichsw]

Official information - https://medium.com/@TronFoundation/tron-and-waves-aim-to-reach-mass-adoption-of-inter-chain-defi-via-gravity-83273cb5818b

First, let me remind you what DEFI is


Decentralized Finance (DeFi) is a new movement that could revolutionize the way people work with capital and assets. Starting out as an area that focused exclusively on cryptocurrency loans, staking, and algorithmic stablecoins, DeFi is rapidly evolving into a full-fledged infrastructure for money management, including non-crypto capital (also known as tokenized Forex and stocks).


Tron and Waves team up to develop DeFi projects


The TRON Foundation and Waves have announced a partnership to connect their blockchain networks using the Gravity protocol and interoperate smart contracts written in Ride and Solidity.

Together, Waves and TRON are using Gravity to connect the smart contract languages of their respective blockchains: Ride and Solidity. Gravity is a blockchain and token-independent oracle with a cross-chain communication network. TRON and Waves are creating a bridge across Gravity that will enable both ecosystems to improve service accessibility for two user bases.

Although these platforms use blockchains with various types of consensus, native tokens ($TRX/$WAVES), wallets (TronLink/Keeper), and smart contract languages (Solidity / Ride), thanks to the development of the Gravity protocol. , this symbiotic collaboration becomes possible. Gravity, being an oracle and cross-chain communication network independent of blockchains and tokens, will initially support two smart contract languages: Ride and Solidity.


What will TRON and Waves achieve together?


1. TRON and Waves will establish a bridge across Gravity that will allow both ecosystems to thrive together.
2. TRON and Waves will collaborate on the following cooperation and integration schemes:



- $ TRX, $ BTT, $ JST and other TRC-20 tokens such as $ TRON-USDT will be available on the Waves blockchain through seamless decentralized gateways (Gravity swap) and automatically listed on DEX Waves (e.g. waves.exchange), which means that traders and developers from the Waves ecosystem will be able to trade, store and use TRC-20 tokens.
- Conversely, $ WAVES, $ USDN, $ NSBT, $ WEST and other Waves ecosystem tokens will be available on the Tron blockchain through Gravity and automatically listed on TRON's DEX and DeFi services (such as TronTrade or PoloniDex), which means that traders and developers from the Tron ecosystem will be able to trade, store, and use Waves-based tokens.
- DApp developers TRON and Waves will be able to use Gravity oracle data transfer services.
- $ TRON-USDT <-> $ USDN seamless swap services will be introduced. Such applications will allow users to manage various strategies for storing stablecoins, including $ USDT on the TRON blockchain as the fastest and cheapest way to transfer stablecoins and $ USDN as a stablecoin.
- Developers from both ecosystems will be able to create modern cross-chain decentralized applications that will run on both chains (expandable to other chains with Gravity) via user-preferred wallets and browser extensions.



Tron has taken serious steps to create the necessary infrastructure for DeFi to flourish, and nearly $ 4 billion has been issued on the TRON blockchain as proof of their commitment. The scope of collaboration between Waves and Tron is not limited to the above list of integrations, where research and prototyping is already underway. We believe that the Tron and Waves ecosystems can revolutionize the interchain DeFi industry by implementing and expanding this trend to other blockchain ecosystems.



Do you think Waves and Tron will be able to make a new main platform for creating new defi projects, become more popular than the Ethereum blockchain?

[yurez]

Unexpected news, in any case such cooperation will be beneficial for the whole cryptomir. But I don't think that the new platform will become more popular than the Ethereum.

[Questat]

Great news, it's Russian and Chinese projects partnered for this one.

Hopefully this will help Waves and Tron grow as they were outperformed by other altcoins this year, especially the De-Fi.
Quite interesting as I myself have invested on both coins for long term, so it's worth to follow this one.

@Chramichsw, thanks for sharing.

[Chramichsw]

Unexpected news, in any case such cooperation will be beneficial for the whole cryptomir. But I don't think that the new platform will become more popular than the Ethereum.

Considering the speed of transactions, I would not say the commission for transactions on the Ethereum blockchain.
Ethereum 2.0 never comes out, things are not moving.

And here two blockchains have merged, maybe they can do something, maybe it won't become more popular, but it will be better anyway, I think.

Great news, it's Russian and Chinese projects partnered for this one.

Hopefully this will help Waves and Tron grow as they were outperformed by other altcoins this year, especially the De-Fi.
Quite interesting as I myself have invested on both coins for long term, so it's worth to follow this one.

@Chramichsw, thanks for sharing.

Personally, I use the throne, and I am very pleased with this blockchain, the fees are minimal, the transactions are instant.

Looking at Ethereum, Tron is much better and more practical to use, maybe then it will be more suitable for creating DEFI projects?

You are always welcome, everything is for you.

[Akiko]

Nothing new they already  know that ETH is far advance and leaving them in terms of development. It's good news for those 2 project holders since they decided to be a team instead of having a competition to each other. If they can make a project that have the same hype to those project that use Ethereum platform. then its a good news this means it will add more demand In thier coins. Since both coins has a lower fees it can also help both developer and Investors to have fast  easiest transaction.

[TGD]

The problem I saw on this partnership was most of the token/coin that built on Waves and Tron platform are shit tokens and has no real used case especially on tron that lots of scam token, Only BTT is what I know that has a solid trading volume but I categorised BTT as shit token too. This cross-chain is useless unless they will built new coin that has a solid foundation like tokens in ETH platform.

They are just using the DeFi hype to gather more money for investors because I'm that they will introduced token native to this "cross-chain" for transaction fees discount.

[benthach]

very good, there are so many advancement of blockchain technology these days.

[michellee]

The DeFi market will be more excited since Tron and Waves team up. It will bring more competition in the DeFi market, but I wonder if the team can compete with the existing DeFi project. It still mysterious, and maybe there will be more news from the team about the project. I hope the project can still run until it's finish and not stop in the middle of the phase. All in all, we can wait for the next thing that will happen to the project, so we can see if that project can be another new potential way for us to make more profit.

[Uhde]

Good. Tron and waves can complete eachother. Because waves is good in developments and technologies but weak about marketing and community. And Tron is opposite. We can see some good things in the future if they cooperate nicely.

[Chramichsw]

The DeFi market will be more excited since Tron and Waves team up. It will bring more competition in the DeFi market, but I wonder if the team can compete with the existing DeFi project. It still mysterious, and maybe there will be more news from the team about the project. I hope the project can still run until it's finish and not stop in the middle of the phase. All in all, we can wait for the next thing that will happen to the project, so we can see if that project can be another new potential way for us to make more profit.

If anything, then DEFI projects have already been launched on the Tron blockchain.
Can you tell me more about this?

[Mighty_crypt]

Wow I wasn't expecting this, honestly I feel this will favour waves the most because I've been worried about lack of any good updates from waves team about a year now and since Tron is now a big project I'm sure it will have better impact on waves, though Ethereum is actually leading in the DeFi field but Tron isn't lasting either, good news indeed.

[yazher]

Indeed, this one of the big projects we will see if they cooperate well in their developments. They need to collaborate because they will never surpass the other top coins if they're working individually anymore. perhaps this is a good start for some existing projects to join forces that each other to save their company or to increase the liquidity of their market. Nevertheless, this is a good initiative. If they succeed with this, I'm sure we will see another partnership with the existing top coins in the market.

[asriloni]

I will not take this as a good sign for both of projects.

In my experience with both of the projects if wave and tron have a very strong ego. I remember if waves has already developed so many products but all of these products are failed.

Tron was also doing the same but it has not gotten a good result too.
I will not expect a big thing from this cooperation that has already made by both of projects.  

[AmoreJaz]

The DeFi market will be more excited since Tron and Waves team up. It will bring more competition in the DeFi market, but I wonder if the team can compete with the existing DeFi project. It still mysterious, and maybe there will be more news from the team about the project. I hope the project can still run until it's finish and not stop in the middle of the phase. All in all, we can wait for the next thing that will happen to the project, so we can see if that project can be another new potential way for us to make more profit.

if nothing else, this will be good for crypto consumers and developers. competition in the market will drive them to offer their best services. curious if this is going to help waves.exchange gain trading volume? will there be more projects that are going to be built under tron or waves? can they compete with eth network? can they attract great number of users this time?

The problem I saw on this partnership was most of the token/coin that built on Waves and Tron platform are shit tokens and has no real used case especially on tron that lots of scam token, Only BTT is what I know that has a solid trading volume but I categorised BTT as shit token too. This cross-chain is useless unless they will built new coin that has a solid foundation like tokens in ETH platform.

They are just using the DeFi hype to gather more money for investors because I'm that they will introduced token native to this "cross-chain" for transaction fees discount.

i have the same sentiments on this matter. even if there are so many crap tokens under eth, there are also lots of projects that came up to conquer the crypto market. however, waves and tron combined, very few to none that you can immediately name as successful project. this i guess, is one big challenge for both of these platforms as they already merged their "minds" to come up this new venture

[Lorokan]

When it comes to investment, you should never worry about the types of investor or owners; but instead  worry about the type of project? can it be successful? can it be achievable? will you make profit? and also, whats the hype surrounding the projects.

This are the details, you have to look forward too when it comes to investment, don't buy the news, instead buy the true rumors and sell the news. Always do your own research

[masterrex]

Thats good news, Tron and Waves are going into collaboration via the Gravity Platform but not creating a new token, Thats cool and Interesting, All of this development was focus to compete with Ethereum on the Defi projects, Tron and Waves blockchain are also faster and cheaper transaction fees compared to Ethereum thats why I think its good for the competition. That why until Ethereum 2.0 is not yet implemented the Ethereum supremacy on the Defi stage will be under threat from other competitors like TRON and Waves by its collaboration Initiatives.

[VolkoB]

This is very good news, strong teams with very good products. Defi conquers the crypto world. Personally, I have always believed in Waves.

[zaim7413]

This is very good news, strong teams with very good products. Defi conquers the crypto world. Personally, I have always believed in Waves.

Yes, and now let's see what kind of breakthrough they will make to the crypto world in the near future, if they can do that good thing it will obviously be very good for everyone and Waves will also be more trustworthy in the crypto space in the future.

[alisonwonder]

This is very good news, strong teams with very good products. Defi conquers the crypto world. Personally, I have always believed in Waves.

Hopefully what is reported is true as it is because so far the waves have still not had any price movements that can trigger investors to come back in again, because in fact investors are really waiting for price movements from the waves.

[Chramichsw]

Thats good news, Tron and Waves are going into collaboration via the Gravity Platform but not creating a new token, Thats cool and Interesting, All of this development was focus to compete with Ethereum on the Defi projects, Tron and Waves blockchain are also faster and cheaper transaction fees compared to Ethereum thats why I think its good for the competition. That why until Ethereum 2.0 is not yet implemented the Ethereum supremacy on the Defi stage will be under threat from other competitors like TRON and Waves by its collaboration Initiatives.

Yes, these blockchains are already much better than Ethereum.
But Ethereum is still more popular than them, I don't think that someday any blockchain, no matter how best it is, will overtake the Ethereum blockchain in popularity.