SRM completes $100m TRON staking push, eyes shareholder payouts
2025-06-30 20:10:06
Main Idea
SRM Entertainment, a company previously known for Disney-themed products, has invested $100 million in TRON's blockchain, becoming its largest publicly traded holder, with the aim of generating high yields through staking and energy renting.
Key Points
1. SRM Entertainment locked 365 million TRON tokens (worth $100 million) into JustLend, a decentralized lending protocol on TRON’s blockchain, to generate up to 10% yield.
2. TRON now hosts over $80 billion in dollar-pegged stablecoins, primarily USDT, making it an attractive investment for SRM.
3. SRM’s investment strategy includes staking rewards (5-6% annually) and energy renting, a unique TRON feature, potentially pushing yields to 10%.
4. TRON’s founder, Justin Sun, serves as a strategic advisor to SRM, and Weike Sun was named the new board chair.
5. The investment carries higher risk due to TRON’s regulatory uncertainties and Justin Sun’s controversial history in the crypto space.
Description
Few could’ve predicted that the company behind Disney-themed trinkets would become TRON’s biggest public backer. With $100 million deployed and Justin Sun in its corner, SRM is rewriting its corporate script, one blockchain transaction at a time. On June 30, Florida-based SRM Entertainment locked up 365 million TRON ( TRX ) tokens, worth roughly $100 million, into JustLend, a decentralized lending protocol on TRON’s blockchain. The move, confirmed in a Monday press release , seeks to generate up...
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