JustLend: TRON’s credit platform now live

JustLend, the first official TRON-based lending platform, went live today and TRON users can now borrow and lend loans against collateral. JustLend offers all TRON users comprehensive, easy-to-use and decentralized financial services for digital assets.

🎉It happens! 🎉
🚀 # JustLend is LIVE NOW!

🗣️ # TRON’s First Official Crypto Lending Platform Now Supporting $ TRX, $ SUN, $ JST, $ BTC, $ USDJ, $ USDT, $ WIN, $ WBTT for Collateral and Deposits!

Start with 👉 https://t.co/2GyoCiftGN
More information👉https: //t.co/nxZS49pcGS

– JUST (@DeFi_JUST) December 7, 2020

What is JustLend?

JustLend is a credit and wealth management platform operated by TRON that aims to establish fund pools whose interest rates are determined by an algorithm based on supply and demand from TRON.

As written in her medium post:

JustLend is developing a unique method to provide comprehensive, easy-to-use and decentralized financial services for digital assets where trust is no longer an issue.

The credit platform operated by TRON is, alongside JustSwap and JustBTC, one of the three DeFi services developed by the JUST DeFi team.

🚀 # JustLend hit over $ 30 million USD within 1 hour of launch! 🚀

# JUSTgoingstrong💪 pic.twitter.com/a9Gm4YyGpU

– JUST (@DeFi_JUST) December 7, 2020

Said platform offers automated order matching, returns controlled by reconciliation, and supports the following tokens TRX, SUN, JST, BTC, USDJ, USDT, WIN and WBTT for collateral and deposits. TRON’s official credit platform operates entirely on the TRON network and offers a fast and inexpensive decentralized credit protocol that is accessible to all TRON users.

This is another milestone for Justin Sun and the TRON Foundation as they have continuously raised the bar in the DeFi industry for the months and years to come.

For more news and updates, visit Tron Spark.

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