![image.png](https://cdn.steemitimages.com/DQmXYz5zRYgg1NHh8e3QuqmEfyPV7fSwXYjbhtft4nM9UQb/image.png)
<center><sup>[source](https://i.ytimg.com/vi/M5rlO-j2GCg/maxresdefault.jpg)</sup></center><hr>
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The steemit community has already experienced the integration of the TRON token, TRX, into the Steem ecosystem. To celebrate this, @steemitblog has already announced a special Crypto Challenge all about the integration. Now I am going to write this post in order to participate in the contest. This article will present <b>about the the first TRON-powered lending platform, JustLend, in which you can invest your earned TRX.</b>
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### <center>[JustLend Official Website](https://justlend.org/#/home)</center>

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![image.png](https://cdn.steemitimages.com/DQmevLT8C7P4WUdvhxq3cMhdy668G4TbSq6SyeQSdk4M8NS/image.png)

**What is JustLend**
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JustLend is a TRON-based currency market convention pointed toward building up asset pools whose loan fees are controlled by a calculation dependent on the market interest of TRON resources. There are two parts inside the convention, specifically providers and borrowers. The two of them communicate straightforwardly with the convention to acquire or pay a drifting loan fee. On JustLend, every currency market compares to a remarkable TRON resource, for example, TRX, TRC20 stable coin (for example USDT), or other TRC20-based tokens, and involves an open and straightforward record that records all exchanges and verifiable loan fees.
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**Supplying assets on JustLend**
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On peer-to-peer platforms where borrowers are coordinated with loan specialists, a client's resource is straightforwardly loaned to another. Paradoxically, the JustLend convention pools the inventory of every client, which drives up liquidity and finds some kind of harmony. Providers can pull out their resources whenever without trusting that a particular advance will terminate, permitting JustLend a lot higher liquidity than their shared partners. Resources provided to a market are indicated as jToken (a TRC-20 symbolic equilibrium). Token holders can secure comparing jToken by providing and keep important standards to acquire interest.
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**Borrowing assets on JustLend**
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If clients (borrowers) wish to borrow assets on JustLend, they need to initially procure jTokens as insurance through saving tokens, and afterward obtain any accessible resource on the stage. Dissimilar to shared conventions, JustLend just requests that borrowers indicate the acquiring resource with no different prerequisites, for example, the expiry date. Acquiring is executed ongoing, and its loan fee will be naturally changed dependent available's organic market. Here's a model: the loan fees for getting TRX and TRC20-USDT maybe 2% and 5% separately. Various resources have fluctuating financing costs, which are naturally determined by the market's demand.
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![image.png](https://cdn.steemitimages.com/DQmZqFw8jZvUok43HHCuccYjwrAoBJZ9VTTwC3knhdfHACC/image.png)

**Primary Use Cases**
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* Clients can pledge different TRC20 tokens in their ownership in return for other TRC20 tokens.
* We can short a specific token: get the symbolic we wish to short from JustLend and sell on the trade preceding its fall. This permits us to benefit from the symbolic's misfortune.
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**Features of JustLend Protocol**
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● Fund supply: JustLend adopts the idea of money market fund pools, with different underlying assets corresponding to their own markets.
● Matching: Orders are matched by smart contracts automatically. There is no need for suppliers and borrowers to negotiate interest rates, loan terms, etc.
● Interest accrual: Interest accrues as each block is generated on TRON (which takes around 3 seconds).
● Lending: Lending is executed in real-time. Suppliers can enjoy interest without any action as long as they hold jToken.
● Repayment: Borrow and repay as you go. Borrowing can be done as long as the collateral value * collateral factor > loan value + accumulated interest.
● Supplying/borrowing interest rate: The floating interest rate is automatically calculated by JustLend smart contracts based on market supply and demand.
● Liquidation: If the borrower's collateral value falls below the liquidation threshold, JustLend smart contracts will automatically trigger liquidation.<sup>[src](https://www.justlend.org/docs/justlend_whitepaper_en.pdf)</sup>

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**Governance**
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"Governance of JustLend is implemented through voting for proposals. JST can be used for
community governance of JustLend and its holders may submit proposals on the JustLend
protocol or vote for them.JustLend will begin with centralized control and over time transition
into a fully community-led platform. The following rights in the protocol are controlled by the
admin:
● The ability to open/close/enable a money market
● The ability to update the interest rate model for each market
● The ability to update the oracle address" <sup>[src](https://www.justlend.org/docs/justlend_whitepaper_en.pdf)</sup>

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**Summary**
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JustLend, the main TRON-powered lending platform, is the response to that demand.JustLend devises an exceptional strategy to give extensive, simple to-utilize and decentralized advanced resource monetary administrations where trust is not, at this point an issue. Please be careful not to enter websites with similar domain name since they are phishing sites all around out there.  There is always a risk when investing in smart contracts due to hack angles and possible loss of APY for the long term. 
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<b>Reference:</b>
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* https://www.justlend.org/docs/justlend_whitepaper_en.pdf
* https://medium.com/@justfoundation/justlend-now-live-trons-first-official-lending-platform-to-redefine-the-decentralized-lending-7ab1835444e8
* https://tronspark.com


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<sub>N.B: There is risk involved in trading, mining, lending, and investing in cryptocurrency. I do not take any responsibility for any losses that may occur. I do not give financial advice. This post and opinion are for informational and entertainment purposes only.</sub>


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Cc:

@steemitblog
@steemcurator01
@steemcurator02
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