JUST to Start New Mining Phase on May 10th

JUST is set to launch the 39th phase of its Supply Mining today. This phase will run from May 10th to June 7th. During this period, miners on JustLend DAO can earn additional USDD mining rewards in addition to the supply interest.

Refer to the official tweet by JST:

JST Info

JUST is a decentralized finance (DeFi) ecosystem on the TRON blockchain, launched in August 2020. It offers a suite of DeFi products, primarily centered around JustStable, a decentralized stablecoin lending platform. The ecosystem aims to provide a comprehensive range of DeFi services, creating a complete DeFi ecosystem on TRON.

JUST’s platform includes various products like JustStable, JustLend, JustSwap, JustLink, and tokenized cross-chain assets. Users can deposit collateral tokens, like TRON TRX, to mint USDJ, a stablecoin pegged to the US dollar. This process involves creating a collateralized debt position (CDP). JustLend allows for liquidity provision and low-interest loans, JustSwap facilitates trustless token swaps, and JustLink provides decentralized oracle services.

JST is the native governance token of the JUST ecosystem, circulating since May 2020. It serves multiple functions on the platform, including paying interest, maintaining the platform, and participating in governance decisions. These decisions involve setting crucial parameters like interest rates and minimum collateralization ratios. JST plays a central role in the operation and governance of the JUST ecosystem.