JUST (JST)
JUST is an innovative cryptocurrency platform operating on the TRON blockchain. It is designed to offer a range of decentralized financial (DeFi) solutions, including JustStable, JustLend, and cross-chain tokens. The platform is centered around a decentralized stablecoin system comprising USDJ, a stablecoin pegged to the US dollar, and JST, its governance token. JUST aims to provide a comprehensive suite of financial services while leveraging the speed and scalability of the TRON network.
The JUST ecosystem
The JUST ecosystem is built to facilitate financial operations in a decentralized manner. At its core are the USDJ and JST tokens, which play crucial roles in maintaining the stability and governance of the platform.
| Ticker | JST |
| Category | Decentralized Finance (DeFi) |
| Website | https://www.just.network/ |
| @DeFi_JUST | |
| Telegram | just_defi |
| Contract Addresses | |
|---|---|
| tron | TC...y9 Copied! |
USDJ: The decentralized stablecoin
USDJ is a stablecoin that mirrors the value of the US dollar, providing users with a reliable means of transaction amidst the volatility often seen in the cryptocurrency market. Generated through decentralized smart contracts on the TRON network, USDJ is created by pledging TRX as collateral. Once generated, USDJ can circulate freely like any other cryptocurrency. Its stability is maintained through Collateralized Debt Positions (CDPs) and autonomous feedback mechanisms, ensuring it remains pegged to the dollar.
JST: Governance and stability fee
The JST token is integral to the governance of the JUST system. JST holders have the responsibility of overseeing the system’s governance, making decisions through a voting process. These decisions might involve supporting various smart contracts that alter system settings. The governance structure ensures that JST holders not only profit from USDJ stability fees but also guide the platform's strategic direction by selecting suitable proposals and implementing changes.
JustLend DAO
JustLend DAO represents the first official lending platform on the TRON network. It is a sophisticated money market protocol that facilitates borrowing, lending, and asset deposits, allowing users to earn interest. The protocol is pivotal in creating fund pools with interest rates calculated by an algorithm based on the supply and demand of TRON assets.
Core logic of JustLend DAO
JustLend DAO operates through smart contracts that form the backbone of its lending and borrowing processes. Here’s how it works:
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Suppliers and borrowers: Users can participate as either suppliers or borrowers. Suppliers deposit assets into the money markets, earning interest on their loans, while borrowers can borrow against over-collateralized assets without negotiating terms with lenders.
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Smart contracts and jTokens: The system distributes jTokens to users' accounts, representing their underlying assets at a specific exchange rate. These smart contracts ensure automatic matching of orders, provided the market has sufficient liquidity.
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Interest rates and market dynamics: Borrowing interest rates are determined in real-time by the smart contracts, based on market supply and demand. Interest accrues with each block, and the open ledger records all transactions for transparency.
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Redemption and repayment: Suppliers can redeem their deposited assets at any time, while borrowers can repay loans whenever they choose. Automatic liquidation is triggered if a borrower's collateral value falls below the liquidation threshold.
Transparency and trust
Each money market within JustLend DAO represents a specific TRON asset, including TRX, TRC20 stablecoins like USDT, and other TRC20-based tokens. The platform prides itself on maintaining an open and transparent ledger that logs every transaction and historical interest rate, fostering trust among its users.
Governance through JST
The governance of the JUST platform is predominantly managed by JST token holders. These holders have the power to vote on proposals affecting the system’s smart contract operations and internal governance variables. This decentralized decision-making process ensures that the system evolves according to the collective input of its community, maintaining its robustness and adaptability.
JUST continues to expand its offerings, providing a secure and efficient platform for decentralized financial operations on the TRON network. Through its innovative solutions and community-driven governance, JUST is poised to play a significant role in the evolving DeFi landscape.