Justin Sun, the founder of blockchain protocol Tron, recently took to Twitter to announce his company’s foray into the decentralized finance space Bitwoot that will work in areas of decentralized loans and trades.
Sun revealed that the project, Bitwoot, plans to launch two new products for the decentralized finance ecosystem. The first is a lending and borrowing platform dubbed “JUST Lend.” It will allow Tron users to “earn interests and borrow against collateral.”
The second product entails a decentralized cryptocurrency exchange platform named JUST SWAP while the third is a TRC-20 token called JUST BTC. The token is pegged to Bitcoin (BTC) at a 1:1 ratio.