JustLend, the first official TRON-powered lending platform has formed a strategic partnership with TRON DAO Reserve.
The collaboration between the two, would expand TRON’s DeFi business further and create a sustainable and healthy ecosystem for everyone. With the partnership in effect, JustLend mining rewards would be upgraded from JST to TRON’s algorithmic stablecoin the USDD.
🥳#JustLend has achieved a strategic partnership with @trondaoreserve🧑🤝🧑🧑🤝🧑
✅Both parties will explore and innovate to promote diversified development of #JustLend and provide better service.
👇Learn more details https://t.co/DpBvthhP3d
— JUST Foundation (@DeFi_JUST) July 6, 2022
Asides from the USDD mining rewards, as mentioned on JustLend’s page users of the platform would be able to receive benefits from the USDD ecosystem such as:
- USDD as an over-collateralized decentralized stablecoin will greatly reduce the risks caused by market fluctuations, and ensure the stability of users’ income and the security of their assets.
- USDD has a rich ecosystem, and users can gain higher benefits by participating in USDD ecological activities.
- USDD supports multi-chain circulation which can help users quickly realize the assets cross-chain and meet the diverse needs of users.
JustLend’s adoption of USDD as a mining option will benefit all its users and provide them with secured, efficient services and stabler income.
What is JustLend?
JustLend is a TRON-powered lending and wealth management platform aimed at establishing fund pools whose interest rates are determined by an algorithm based on the supply and demand of TRON.
📢Announcement on Upgrading the Supply Mining Rewards to $USDD on #JustLend
🔃JustLend supply mining rewards will be upgraded from $JST to $USDD for the health and sustainable development of the #TRON ecosystem
💻Explore more: https://t.co/q8EgiXNoIz pic.twitter.com/pc8gDWQV4y
— JUST Foundation (@DeFi_JUST) July 6, 2022
As written on their Medium post:
JustLend devises a unique method to provide comprehensive, easy-to-use and decentralized digital asset financial services where trust is no longer an issue.
The TRON-powered lending platform is one of the three DeFi services developed by the JUST DeFi team, alongside JustSwap and JustBTC.
JustLend features automated order matching, and returns, governed through voting and it supports the following tokens TRX, SUN, JST, BTC, USDJ, USDT, WIN, and WBTT for collateral and deposits.
The TRON official lending platform is fully operated on the TRON network and it provides a high-speed and lower-cost decentralized lending protocol accessible to all TRON users.
What is TRON DAO Reserve?
TRON DAO Reserve is a DAO system organized in a decentralized manner. It aims to safeguard the overall blockchain industry and crypto market, prevent panic trading caused by financial crises, and mitigate severe economic downturns.
It oversees the TRON-based stablecoins in the ecosystem and manages the Decentralized USD (USDD) on TRON as its early custodian and ensures its price stability with reserves.
Are you excited to receive USDD rewards on the JustLend platform? Let us know in the comments section below.
For more news and updates, see Tron Spark.
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