Staked TRX
STRX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
STRX (Staked TRX) is the liquid staking derivative for TRX issued by JustLend DAO on the TRON network. The protocol has operated without recorded hacks, exploits, or depegging events, and benefits from an established dynamic-supply tokenomic model where yield accrues via an appreciating exchange rate without inflationary unlock overhang. However, overall evaluation is constrained across several dimensions: Active development exhibits a maintenance-only posture with no public code repositories; community support is near-silent with stale governance activity; team identity remains completely opaque; and an audit by SlowMist highlighted an acknowledged, unresolved authority-control vulnerability in protocol upgrade functions. Additionally, structural risks include thin secondary market liquidity, a mandatory 14-day unbonding period, and indirect regulatory uncertainty documented in SEC risk disclosures concerning TRX trading venues.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Staked TRX (STRX)
STRX (Staked TRX) is a TRC-20 liquid staking token issued by JustLend DAO on the TRON blockchain. It represents TRX deposited into the JustLend protocol, enabling users to earn network staking rewards and energy-rental yield while keeping assets transferable across decentralized finance (DeFi) activities, including supplying, borrowing, and swapping. STRX uses a dynamic-supply model where tokens are minted upon TRX deposits and burned upon redemption, with value accruing to holders through a rising exchange rate relative to TRX rather than inflationary token emissions.
Governance is structured around JustLend Improvement Proposals (JIPs), which allow participants to vote on Super Representative allocations and resource-market interest rate parameters. However, governance activity has remained largely inactive, with no new proposals submitted since May 2023. The smart contracts for STRX operate as closed-source deployments maintained under a maintenance-only posture, with documentation updates but no public code repositories or visible roadmap execution metrics.
While the protocol has recorded no hacks, exploits, or depegging incidents to date, several structural and governance risks exist. A smart contract audit by SlowMist flagged an authority-control vulnerability in the protocol's upgrade functions, which the team acknowledged rather than eliminated, maintaining admin-key control over upgrade functions. Liquidity on secondary markets remains thin relative to the token's market capitalization, and protocol redemptions require a mandatory 14-day unbonding period. Additionally, the development team operates anonymously, and institutional regulatory filings with the U.S. Securities and Exchange Commission (SEC) have noted regulatory and enforcement uncertainties surrounding TRX trading venues alongside smart-contract risks associated with holding sTRX.