TRON Partners With Prosper Bolster Liquidity in the Prediction Solution Industry

TRON Partners With Prosper Bolster Liquidity in the Prediction Solution Industry

TRON has announced that it will be integrating the DLT-agnostic market, Prosper, into its ecosystem. TRON users and TRX holders will have the ability to provide liquidity and enhance the success rate of the prediction solution project.

The founder of TRON, Justin Sun, broke the news on the new partnership in a press release earlier today. He noted that the two blockchain projects are coming together to solve some problems rooted in the decentralized prediction sector.

Bettering the Prediction Solution Sector
Although tools for solving the problems in the sector have been active for a while, Sun’s statement highlights that the issue of insufficient liquidity has been a significant roadblock to mass adoption in the prediction sector. The liquidity insufficiency occurs because each prediction market “has traditionally been segregated to a single chain,” thereby limiting the number of users necessary to provide adequate liquidity for accurate predictions.

This is how Prosper works: it fosters higher liquidity by involving more users, which means more “predictions are made, leading to a more accurate and robust prediction outcome based on greater collective insight from the crowd.”

Furthermore, Prosper has a cross-chain platform that allows it to aggregate liquidity into its platform regardless of the user’s point of access.

That said, with the use of TRX, the twenty-fifth-largest cryptocurrency based on market cap, TRON and Prosper anticipate a significant increase in the underlying pool of users. Meanwhile, the integration will help users gain access to new applications that could positively affect their investment strategies and potential earnings.

The statement also mentioned that Prosper has set up a free insurance pool consisting of emergency funds to reimburse stolen funds from hacks on the platform or other unexpected downturns.

According to the co-founder of Prosper, Iva Wisher, “this partnership with TRON is an extension of Prosper’s efforts to collaborate with the biggest players of the DeFi world.”

Meanwhile, the press release also highlighted that TRON is currently “working to create a competing DeFi ecosystem that rivals its counterparts while allowing for inexpensive transactions, creating a win-win situation for platform users.”

 

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.