JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.
The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.
It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.
To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.
The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.
Trust & Authorization-free
Access and availability for everyone, free of authorization from third parties; all transactions are automatically executed by smart contracts, free of third party as a medium.
Standard & Interoperability
Standardized financial protocol and contract-based DeFi factors. Protocols can be overlaid to create more potential scenarios.
Secure
Users face minimal risks as financial business logic is implemented by smart contracts, with which on-chain actions are traceable and third-party audit can be strictly enforced.
Decentralization
JST holders can jointly govern the JUST community and make decisions on incentives, pooling efforts for building the next-generation DeFi ecosystem.
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