For those who are new to JUST, it is a decentralized lending platform where users can stake TRX via JUST’s CDP portal to generate USDJ. The USDJ is a stablecoin pegged to USD at a 1:1 ratio. JST can be used for paying interest, platform maintenance, and also for the other activities on the blockchain.
At the time of writing a Dapp.com tweet read: “@DeFi_JUST, the first #DeFi #dapp in @Tronfoundation ecosystem, ranks 3rd in Finance dapps. 24r volume +484929.88%”
The ranking status keeps changing, though.
Sydney Ifergan, the crypto expert, tweeted: “JUST platform under the flagship guidance of TRON’s Justin Sun is all set to doing the Kangaroo hops all ranking charts. Very soon, we will see high lows, low highs, higher highs, and lower highs, but a high for some reason will surely be around.”
For the unenlightened, “The large, stretchy tendons in a kangaroo’s hind legs act like giant springs. … Kangaroos usually hop at about 25kph, though they can reach 70kph over short distances, covering as much as 9m in a single hop.”
For all reasons, we know that Justin Sun knows how to keep his tokens and trends alive. How he does it is a different story!
JUST focuses on building a fair and decentralized financial system that facilitates stable coin lending and governance mechanisms for users from across the world. JUST follows a two-token system.
The first token, USDJ, is the stablecoin pegged to the USD at a 1:1 ratio generated by collateralizing TRX via JUST’s CDP portal.
JST is the second token, which can be used for making interest payments, platform maintenance, participating in governance through voting, and several other activities on the JUST platform.
JUST is focusing on improving on the financial infrastructure for billions of people from across the world.
For now, the two products are the JUST portal and JUST governance. JUST portal focuses on staking TRX to receive decentralized stablecoins. JUST governance focuses on voting for protocol governance.
Collateralized Debt Positions (CDPs) is used to generate USDJ. Collateral assets are obtained, CDPs are created to deposit collateral assets, USDJ is generated through CDPs, the collateral is redeemed.
Target Rate Feedback Mechanism (TRFM) is used as the price stability mechanism. They have a Global Settlement Mechanism in place which will come in to place when the price which the system receives deviates a lot from the Oracles.
Sydney has 20+ years commercial experience and has spent the last 10 years working in the online marketing arena and was the CMO for a large FX brokerage.
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