Introducing JustLend an TRON Blockchain Defi

As I promised, I will make regular introduction posts for a diverse range of blockchain projects.

This time it is about JustLend. https://justlend.just.network/#/home

JustLend is the decentralized finance project on TRON blockchain, where you can either borrow crypto against favorible rates, or you can lend your crypto for others to borrow and receive some returns in the process.

The total supply given into the platform has a value of $ 117 Million at the moment, provided by 8,293 users.

A total of $ 15 Million has been borrowed to date.

The top 3 tokens to be borrowed are USDT, USDJ and WIN.

In the link below you can find the whitepaper:
https://www.justlend.org/docs/justlend_whitepaper_en.pdf

In principle the essence is very simple. You can either borrow funds by providing crypto as collateral.

For example, you own wrapped BTC on TRON Blockchain and you put that into JustLend as collateral to borrow some USDT which you can then convert to FIAT like USD. This way you can have your crypto work for you. The interest rates are very competitive vs regular banking.

Or you own some BTC, ETH or USDT on TRON Blockchain and you want to earn some interest while you don't use them, then you can supply them for others to borrow.

Whether you want to borrow or loan, you can have your crypto work for you...