JustLend DAO protocol is a TRON-powered money market protocol aimed at establishing fund pools whose interest rates are determined by an algorithm based on the supply and demand of TRON assets. There are two roles within the protocol, namely suppliers and borrowers. Both of them interact directly with the protocol to earn or pay a floating interest rate.
On JustLend DAO, each money market corresponds to a unique TRON asset such as TRX, TRC20 stablecoin (e.g. USDT) or other TRC20-based tokens, and entails an open and transparent ledger that records all transactions and historical interest rates.
Distributed finance (or open finance) has evolved to be one of the key drivers of applications on the TRON network. The core principle of DeFi is to pioneer a censorship-free financial service ecosystem that is immune to centralized authority and accessible to all. Within the ecosystem, users are their own asset custodians, and are granted full asset control and ownership.
They can freely access any decentralized market available. Lending protocols and platforms offer varying incentives to market participants, for example:
- For borrowers: sell short an asset or borrow the right of use
- For lenders: earn interest on assets
Compared with traditional financial products, custodian-free decentralized protocols enjoy the following promising edges:
- Transparency & effective pricing based on market demand
- Fast and convenient lending
I- mmunity to censorship & immutability
This offer is based solely on information provided by the offeror and other publicly available sources.
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