Tron(TRX) launches new features for Stake 2.0; will it have a positive impact

  • Staked TRX and Energy Rental were Tron’s two new features for Stake 2.0.
  • TRX’s price declined along with the number of speakers.

Stake 2.0, the last week’s launch of TRX, didn’t live up to many expectations. TRX’s stake strength, or even the number of stakes, could not be increased as a result of it.

However, the most recent announcement may cause a reversal and bring better news in the days ahead. The JustLend DOA Mainnet upgrade is already live, with new features such as staked TRX and Energy Rental. New features provide users with more flexible and streamlined options, as well as lower energy rental costs. 

New Stake 2.0 features

JustLend DAO Mainnet recently received a major upgrade, bringing with it two new Stake 2.0 features. One of the new features is called “Staked TRX,” and it allows users to obtain sTRX tokens while earning high yields by staking Tron

“Energy Rental” was another feature introduced alongside Staked TRX. The feature offers a less expensive alternative to staking or burning energy. Furthermore, the feature allows users to rent energy or terminate their rental at any time. 

In contrast, there is no profit from Energy Rental in traditional staking, and users must perform actions such as staking, voting, and claiming before they can receive any voting rewards.

Staked TRX, on the other hand, automatically generates yields for stakes by voting with their staked TRX and renting their energy, providing better yields and greatly simplifying staking. 

A quick look at TRX staking

These updates may take some time to have an effect on TRX staking. At the time of publication, the scenario did not appear to be promising.

According to Staking Reward data, the total number of TRX stakes has continued to decline over the last seven days. The number of speakers has dropped by more than 2% in the last 24 hours. However, according to TRONSCAN, the total amount of TRX staked showed signs of recovery, with an increase. 

TRX under pressure

While Tron launched the aforementioned updates, the performance of its native token was subpar. TRX’s price has dropped by more than 1.3% in the last hour, according to CoinMarketCap. It was trading at $0.06536 at the time of writing, with a market capitalization of more than $5.9 billion. 

Tron’sRelative Strength Index (RSI) and Money Flow Index (MFI) both registered bearish downticks. The MACD showed an ongoing battle between bulls and bears. Given TRX’s RSI and MFI, the Bears had a better chance of winning.

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