JUST Announced the Launch of USDD Supply Mining Phase IV on the JustLendDAO Platform

The mining phase will take place from December 29, 2024, 13:00 UTC to January 26, 2025, 12:59 UTC.

JUST announced the fourth phase of USDD Supply Mining on the JustLendDAO platform. The mining phase will commence on December 29, 2024, at 13:00 UTC and conclude on January 26, 2025, at 12:59 UTC.

During this period, users who deposit USDD into the JustLendDAO mining pool will earn JST rewards based on their contribution to the pool. The mining phase aims to enhance USDD's liquidity and presence within the JustLendDAO ecosystem.

JST is the native governance token of the JUST ecosystem, a decentralized finance (DeFi) platform on the TRON blockchain. Launched in August 2020, JUST offers a range of DeFi products, including JustStable, a decentralized stablecoin lending platform.

The ecosystem spans several products, including JustStable, JustLend, JustSwap, JustLink, and tokenized cross-chain assets. Users can deposit collateral tokens, such as TRON (TRX), to mint USDJ, a stablecoin pegged to the US dollar, through a process involving the creation of a collateralized debt position (CDP). JustLend enables liquidity provision and low-interest loans, while JustSwap facilitates trustless token swaps and JustLink provides decentralized oracle services.

Launched in May 2020, JST governs the platform's operation and serves multiple functions, including paying interest and participating in governance decisions. These decisions encompass setting critical parameters like interest rates and minimum collateralization ratios.