BlockchainCryptocurrency

TRON’s Risk-Free Stake Returns Six Times Higher than Ethereum’s, Says Justin Sun


Justin Sun, the founder of the TRON (TRX) blockchain network, recently compared the staking returns of the TRON protocol and Ethereum. In a recent post, Sun mentioned that he had staked funds in both Ethereum and TRON staking products. He stated that he staked his ETH with Lido and his TRX with sTRX, respectively.

Lido is a liquid staking protocol, presumably the largest, used for staking ETH tokens. Similarly, sTRX is the staking protocol for TRX tokens, offering higher yields by lending out energy.

Sun revealed that after staking ETH and TRX on both protocols, sTRX yielded six times more risk-free returns compared to Ethereum’s Lido. While Lido provided a 4% risk-free return, sTRX generated a 24.84% risk-free return.

Justin Sun explained that in the context of staking, “risk-free” means that the returns are derived directly from the performance of the protocol itself, rather than from any reinvestment of assets.

In another tweet, the founder also compared the revenue of both blockchain network protocols, stating that the TRON protocol’s revenue surpassed Ethereum’s by 50%. Praising his blockchain network’s performance, Sun mentioned that if the current trend continues, TRON might become the most profitable blockchain network in the world.

This is not the first time the TRON blockchain network has been compared to Ethereum. While this represents the latest instance, the founder and developers of TRON have consistently highlighted and presented TRON’s superiority over Ethereum.

In June 2018, TRON separated from the Ethereum blockchain after launching its own independent MainNet, dubbed Odyssey 2.0. Since gaining independence, TRON has been positioned as a competitor to Ethereum, offering support for decentralized application (dApp) development. TRON developers have claimed that their blockchain technology is 400 times faster and better than Ethereum. Other metrics used to compare TRON and Ethereum include transaction speed, transaction gas fees, and the total number of transactions performed on the blockchain, among others.

Author

  • Khalid Lawal

    Khalid is a cryptocurrency journalist at Today's Gazette with a strong passion for innovation and technology.

    With over five years of experience writing cryptocurrency news, Khalid excels at breaking stories. He leverages his expertise in tech and data to create analytical, unique, and insightful content.

    Over the years, Khalid has contributed to platforms such as Coingape, NewsLogical, and Toshi Times. He offers resourceful commentary and analysis of the global FinTech industry while maintaining strict adherence to regulatory compliance.

    Additionally, Khalid is an avid geospatial data enthusiast with a specific focus on geospatial data engineering.

    Holding MSc degrees in Geospatial Economics from the Université de Bourgogne and Satellite Data Science from the University of Leicester, he brings a unique perspective to his work.

    View all posts
Disclaimer

Today's Gazette cannot take responsibility for any form of loss or inconvenience that may result from any material contained on this website. The content is provided for informational purposes only and should not be relied upon for legal or financial decision-making. Nothing on this platform should be misconstrued as financial advice.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Cryptocurrency

Brazil’s Central Bank Proposes a Move to Restrict Stablecoin Withdrawals

The Central Bank of Brazil has sent out a public consultation notice...

BitcoinCryptocurrency

Metaplanet’s Strategic Use of Bitcoin as Treasury Reserve

Metaplanet has firmly established itself as one of Asia’s leading Bitcoin-acquiring firms,...

BitcoinCryptocurrencyEthereum

Metaplanet Announces Bitcoin Holding Gains As Bitcoin Tests Above $90,000

Ever since the Japanese firm announced its ambition to diversify its asset...

BlockchainCryptocurrency

Scammer Mysteriously Losses Stolen $129 Million USDT After Successful Phishing Scam

In the rapid circumstances of development in the crypto world lately, the...