JUST Supply Mining Initiative Phase 38 Set to Launch on April 12

CoindarJUST is set to launch phase 38 of its Supply Mining initiative on April 12th, offering additional USDD rewards to miners on the JustLend DAO platform. The decentralized finance ecosystem JUST, established on the TRON blockchain, provides a comprehensive suite of DeFi services via products such as JustStable, JustLend, and JustSwap. JUST's native token, JST, plays a crucial role in platform governance and interest payments.

JUST Supply Mining Initiative: Phase 38 to Commence on April 12th

Singapore, April 11th, 2023 - JUST, a leading decentralized finance (DeFi) platform on the TRON blockchain, has announced the launch of the 38th phase of its Supply Mining initiative, scheduled to commence on April 12th. This phase will extend until May 10th, offering miners increased rewards for their participation.

During this period, miners on the JustLend DAO platform will receive additional USDD mining rewards in conjunction with their supply interest. This incentive is designed to bolster participation and enhance the efficiency of the JUST ecosystem.

About JUST

Established in August 2020, JUST has established itself as a comprehensive DeFi ecosystem, primarily anchored by JustStable, its decentralized stablecoin lending platform. The platform offers a suite of DeFi products, including JustLend, JustSwap, and JustLink, aimed at creating a comprehensive DeFi ecosystem within the TRON network.

JUST Platform Features

The JUST platform encompasses various products that cater to diverse DeFi needs:

• JustStable: Enables users to deposit collateral tokens, such as TRON TRX, to mint USDJ, a stablecoin pegged to the US dollar. This process involves creating collateralized debt positions (CDPs).
• JustLend: Facilitates liquidity provision and offers low-interest loans.
• JustSwap: Enables trustless token swaps.
• JustLink: Provides decentralized oracle services.

JST Governance Token

JST, the native governance token of the JUST ecosystem, plays a crucial role in the platform's operation and decision-making:

• Interest Payment: JST is utilized to pay interest to JUST users.
• Platform Maintenance: JST contributes to the maintenance and development of the JUST platform.
• Governance Participation: JST holders can participate in governance decisions, including setting interest rates and minimum collateralization ratios.

Importance of Supply Mining

Supply Mining initiatives play a vital role in the success of DeFi protocols by incentivizing participation and ensuring the liquidity and stability of the platform. The rewards provided during the mining phase attract miners and encourage them to contribute their assets to the lending pool. This, in turn, enhances the overall efficiency and liquidity of the platform, benefiting both miners and users alike.

JUST Supply Mining Phase 38 Details

• Start Date: April 12th, 2023
• End Date: May 10th, 2023
• Participating platform: JustLend DAO
• Rewards: Additional USDD mining rewards on top of supply interest