JustLend: Platform Overview and Guide

What Is JustLend

JustLend is a DeFi protocol operating on the TRON blockchain, facilitating money market activities such as lending and borrowing. Users can deposit their assets into the pool to earn interest or use their assets as collateral to borrow funds.

Lenders receive jTokens, which represent their deposited assets and accrue interest over time. These jTokens are highly liquid and can be exchanged for the original assets at any point.

Borrowers can obtain funds against their collateral without a fixed maturity date, with smart contracts automating the process and dynamically adjusting interest rates based on market conditions.

JustLend open registry ensures all protocol interactions are transparent and auditable. Additionally, the JustLend DAO protocol features automatic liquidation mechanisms to protect the system if the value of the borrower's collateral drops below a specified threshold.

JustLend DAO: Key Features

JustLend Lenders and Borrowers

• Lenders

Users can contribute their assets to a pool and earn interest. The assets lent to the pool are represented by jTokens, which can be converted back to the original assets at any time, providing high liquidity.

• Borrowers

Users can borrow assets by using jTokens as collateral. The loans are managed by smart contracts that automatically adjust interest rates in real time based on current market conditions.

JustLend Transparency

All JustLend transactions and historical interest rates are logged in a public registry, ensuring full transparency and fostering trust among users.

The core principle of JustLend platform is to pioneer a censorship-free financial service ecosystem that is immune to centralized authority and accessible to all.

The ecosystem is designed to empower users as their own asset custodians, with full asset control and ownership.

Users can interact with the JustLend DAO protocol via smart contracts. This enables them to borrow or lend crypto anonymously.

JustLend Automatic Liquidation

If the value of a borrower's collateral drops below a specified threshold, JustLend's smart contracts automatically trigger liquidation to safeguard the interests of lenders.

In the event that the outstanding debt exceeds the collateral component, the JustLend smart contract platform automatically initiates liquidation, thereby mitigating the risk of default on the part of suppliers.

Assets Supported by JustLend

JustLend DAO supports a variety of TRON assets including TRX, TRC20 stable coins (e.g. USDT) and other TRC20-based tokens.

How To Use JustLend

• Connect Wallet

Go to the JustLend DAO website and click Connect Wallet.
Select a compatible wallet (e.g. TronLink) and follow the instructions to connect.
Fund your wallet with SimpleSwap

• Asset Lending

Go to the Supply section of the platform.
Select the asset you want to lend and enter the amount.
Click Supply and confirm the JustLend transaction in your wallet.
Once confirmed, you will receive jTokens representing your assets.

• Borrowing Assets

Go to the Borrow section of the JustLend platform.
Select the asset you want to borrow and enter the amount.
Make sure you have enough jTokens to provide as collateral.
Click Borrow and confirm the transaction in your wallet.
Once confirmed, you will receive the borrowed assets and interest will be charged automatically based on current market conditions.

• Loan Repayment and Asset Recovery

Go to the Borrow section of the JustLend platform.
Select the asset you want to repay and enter the amount.
Click Repay and confirm the transaction in your wallet.
Once redeemed, you can get your jTokens back by exchanging them for the original assets.

• Withdrawal of Assets

Go to the Supply section on the JustLend DAO platform.
Select the asset you want to withdraw and enter the amount.
Click Withdraw and confirm the transaction in your wallet.
Once confirmed, you will receive your assets back to your wallet.

Users can purchase any needed crypto coin on SimpleSwap.

Summary

JustLend provides a convenient and transparent platform for lending and borrowing TRON assets, offering high liquidity and dynamic interest rate management thanks to automated smart contracts.

Users can deposit assets to earn interest, represented by highly liquid jTokens, or use these tokens as collateral to borrow funds.

The JustLend platform ensures transparency through a public registry and employs automatic liquidation mechanisms to protect lenders.

We offer a user-friendly guide for connecting wallets, lending, borrowing, repaying loans, and withdrawing assets on JustLend, making it a comprehensive tool for participants in the DeFi space.