Following a series of notices, Tron finally made the official announcement. Tron announced that it would partner with two organizations to boost the Tron Ecosystem.
Tron Network is a project keen on setting up a decentralized internet structure. For its consensus, Tron uses an open-source blockchain-based OS with smart contract functionality and proof-of-stake principles.
So, what do the partnerships bring to the Networks?
Tron’s Partnership with Wintermute
Wintermute has several features that make it a market maker. Thus, after the announcement, Wintermute became the official TRX market maker.
“Wintermute becomes official market maker for TRX thanks to partnership with Tron.”
At this level, Wintermute will give liquidity for major TRX pairs on diverse exchange platforms. As a result, it will boost the ease of accessing the TRX token.
The partnership will also grow Tron’s go-to global layer-1 blockchain.
The partnership is a shot towards extending the Wintermute devoted moves to partner with top DeFi projects. It is also a move to support making more liquid for markets. The network’s investors will have better access to digital assets through the action.
With the step to raising liquidity on the network, Wintermute will end barriers for retail traders. It also will be responsible for minimizing disruptions.
The platform ranked among the best-performing venues in the world by August 2022; has more than 109 million users. According to TRONSCAN reports, the platform has more than 3.7 billion transactions, with a total value locked above $13.2 billion.
Thus, Wintermute allows market creation for TRX, Tron’s native utility token. As a result, it will raise TRX’s liquidity in all market instances.
Tron’s Partnership with Creditcoin
Creditcoin is a decentralized worldwide credit system bringing borrowers the capital they need. The network is secure, borderless, and has cross-currency transactions.
The firm uses Open Finance to secure capital financing. It also builds credit history and facilitates trust for millions of underserved financial customers and businesses.
“We’re incredibly excited to announce our latest partnership with the Tron Network to bring support to the Creditcoin ecosystem.”
With the partnership at play, Gateway DAO will allow a Tron Gateway. The gateway will enable an Ethereum and Tron bridge, which gives OpenFi users multi-chain support.
In addition, Gluwa Wallet will support Tron and TRC20-based stablecoins, which brings on low-cost transactions within the OpenFi ecosystem.
As a result, prominent users will experience lower-cost transactions within the OpenFi ecosystem. Also, multi-chain support will allow users and developers to transact and build on a preferred chain. There will be a new Gluwa wallet listing.
Tron benefits from a greater energy efficiency than other networks, such as Bitcoin. Thus, joining with OpenFi users allows them to access new Web3 chances with Gluwa Wallet and Gateway DAO. The different features will happen in the fourth quarter of this year.
