Altcoins News
By Sydney TheCMO
1 / 14
JUST DeFi Platform Two Token System JST USDT
2 / 14
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.
3 / 14
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%”
4 / 14
The ranking status keeps changing, though.
5 / 14
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.
6 / 14
For the unenlightened, “The large, stretchy tendons in a kangaroo's hind legs act like giant springs. ...
7 / 14
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!
8 / 14
JUST focuses on building a fair and decentralized financial system that facilitates stable coin lending and governance mechanisms for users from across the world.
9 / 14
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.
10 / 14
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…
11 / 14
JUST is focusing on improving on the financial infrastructure for billions of people from across the world.
12 / 14
For now, the two products are the JUST portal and JUST governance. JUST portal focuses on staking TRX to receive decentralized stablecoins.
13 / 14
Collateralized Debt Positions (CDPs) is used to generate USDJ. Collateral assets are obtained, CDPs are created to deposit collateral assets, USDJ is generated through…
14 / 14
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 Currency Analytics
Want the full story?