→USDD Risk Assessment
USDD's collateral is heavily concentrated in TRX, accounting for 65-83% of total backing, creating dependency on TRX price stability and exposing the stablecoin to Tron ecosystem risks amid the TDR's centralized control.
24h Change+0.16%
All Time HighDec 4, 2024$0.43
All Time LowNov 12, 2017$0.0018
Market Cap$30.46b
Fully Diluted Valuation$30.461b
Circ. Supply94.845b TRX
Outstanding FDV$40.713b
CEX Volume$167.53m
DEX Volume$211.26m
How much debt can be issued against TRX as collateral across lending protocols.
Maximum possible exposure to TRX
$3,409
$0 (max additional borrows against TRX) + $3,409 (bad debt if TRX was hacked now)
Venus Core Pool
$3,409 at-risk exposure = $3,409 bad debt if hacked + $0 additional borrowable against TRX
Showing collateral exposure for TRX on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for TRX as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol | Chain | |||
|---|---|---|---|---|
TRX0x85eac5ac2f758618dfa09bdbe0cf174e7d574d5b | $0 | $8.98 | ||
TRX0xce7de646e7208a4ef112cb6ed5038fa6cc6b12e3 | $0 | $3,400 |
Risk-management actions published about TRX by tracked risk managers and governance contributors, newest first.
USDD's collateral is heavily concentrated in TRX, accounting for 65-83% of total backing, creating dependency on TRX price stability and exposing the stablecoin to Tron ecosystem risks amid the TDR's centralized control.
TRX is the native asset of the TRON blockchain. It pays for network resources (Bandwidth and Energy), is staked to obtain those resources plus TRON Power (voting weight), and is used to participate in governance via Super Representative voting.
TRX holders have indirect governance rights through Delegated Proof-of-Stake (DPoS) conensus. Holders stake TRX to obtain Tron Power (TP) and vote for the 27 Super Representatives who produce blocks and govern the network.
Stake TRX to get TP at a 1:1 ratio. Elected SRs propose and vote on network parameters, upgrades and proposals.
Transaction fees (TRX) are burned, not distributed. Newly minted block rewards (currently 136 TRX per block: 8 block-production + 128 voting) go to SRs and their voters; each SR sets a 0 to 100% distribution ratio. Reward parameters are adjustable by committee proposal and SR vote.
Transaction fees are burned via the TRON Intelligent Burning System
TRX supply is elastic: block and voting rewards mint new TRX while resource-payment burns remove it. Per Tron's Tokenomics doc, in most periods burns have exceeded issuance, making TRX net deflationary day to day, though this depends on network usage rather than a fixed schedule.
Transaction fees are burned and block/voting rewards go to SRs and voters. The TRON Foundation (Singapore) dissolved in July 2021 and governance passed to the community-run TRON DAO; its three nodes left the SR set.
Tron does not use a traditional gas-fee model. It has a resource model (Bandwidth + Energy) and an automatic "Intelligent Burn System" that kicks in only when resources are insufficient. Stakers earn voting rewards by voting for SRs.
No buyback mechanism is currently active
Stakers earn an APY from the distribution of block production (emissions) & voting rewards to their voters, set by the SRs.
When users initiate transactions on the TRON network, if bandwidth or energy is insufficient, the system will automatically burn the corresponding amount of TRX to cover resource costs.
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Showing 10 of 15 pools

Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabSTRX | $770.06m | 0% | 0% | 0% | |||||
| open in new tabTRX | $664.53m | 0.27% | 0.27% | 0.33% | |||||
| open in new tabTRX | 🪂 | $86.47m | 11.03% | 11.03% | 11.35% | ||||
| open in new tabUSDC-TRXConcentrated - 0.05% | $12.02m | 0.60% | 0.60% | 2.45% | |||||
| open in new tabTRX-USDC | $733,788 | 0.61% | 0.61% | 3.57% | |||||
| open in new tabTRX-BUSD | $524,136 | 0.22% | 0.22% | 0.98% | |||||
| open in new tabWSOL-STRXStandard - 0.25% | $115,973 | 0.62% | 0.62% | 2.22% | |||||
| open in new tabTRX-USDC | 🪂 | $49,813 | 11.07% | 11.07% | 7.58% | ||||
| open in new tabUSDT-TRX0.3% | $11,493 | 12.62% | 12.62% | 39.67% | |||||
| open in new tabTRX-USDT | $10,197 | 22.09% | 22.09% | 22.09% |
Showing 10 of 164 routes

Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabTRX âžž JITOSOL | $16.79m | 0.26% | 0.27% | -0.01% | 75% | $716.59m | $52.06m | ||
| open in new tabSTRX âžž JITOSOL | $16.79m | -0.01% | 0% | -0.01% | 75% | $770.69m | $635,903 | ||
| open in new tabTRX âžž XBTC | $12.71m | 0.12% | 0.27% | -0.20% | 75% | $716.59m | $52.06m | ||
| open in new tabTRX âžž WBTC | $5.3m | 0.24% | 0.27% | -0.04% | 75% | $716.59m | $52.06m | ||
| open in new tabTRX âžž MSOL | $2.6m | 0.26% | 0.27% | -0.01% | 75% | $716.59m | $52.06m | ||
| open in new tabSTRX âžž MSOL | $2.6m | -0.01% | 0% | -0.01% | 75% | $770.69m | $635,903 | ||
| open in new tabTRX âžž WBTC | $673,759 | 0.26% | 0.27% | -0.01% | 75% | $716.59m | $52.06m | ||
| open in new tabSTRX âžž WBTC | $673,759 | -0.01% | 0% | -0.01% | 75% | $770.69m | $635,903 | ||
| open in new tabTRX âžž JTO | $496,994 | 0.26% | 0.27% | -0.01% | 75% | $716.59m | $52.06m | ||
| open in new tabSTRX âžž JTO | $496,994 | -0.01% | 0% | -0.01% | 75% | $770.69m | $635,903 |