Steemit Crypto Academy | Season 2: Week3; JustLend

Hi guys, welcome to my assignment post for professor @sapwood on Just lend ,a platform that runs on the Tron blockchain.

Before I start ,I want to say thank you for the great lecture Professor @sapwood .Now I will continue with my assignment.

MARKETS AVAILABLE ON JUSTLEND

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There are currently 9 markets available on JustLend.TRX, USDT,BTC,ETH,SUN,JST,USDJ,WBTT and WIN markets.

The market which offers the best supply APY is the WIN market which offers about 17.38%.

The USDJ market offers the lowest borrow APY at 0.80%.

CONNECTING TRONLINK WALLET TO JUSTLEND AND SUPPLY TOKENS

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Once you have your TRONLINK wallet ,it is really easy to connect on the JUSTLEND website.Just go on to the justlend website and click on supply.

Click on the supply tab.

I'm currently supplying 50 tron tokens and as you can see from the picture , I'll be getting a 4.45% supply APY.

After accepting the contract,you'll see your tokens in the Justlend page.

Now I'll be earning tokens just by supplying tron tokens on Justlend.

HOW TO ACQUIRE JTOKENS

Jtokens are needed to borrow on justlend so they're very important.In order to acquire jtokens,all you need to do is to have supplied a token.

When you click the icon,you'll see the amount of your tokens that can be used to borrow on justlend.

Click "use trx as collateral" and then accept the contract.

When you open your wallet ,you'll see an icon alerting you to add new assets.

As you can see , I've earned almost 5000 jtokens.These jtokens can now be used to borrow on justlend.

HOW TO USE JTOKENS TO BORROW ANOTHER ASSET

On the JUSTLEND homepage,you'll see borrow. I've decided to borrow 1 USDT.

After I click on borrow ,I'll accept the contract and that way I have used my jtokens to borrow 1 USDT.

ACCOUNT STATUS AND RISK VALUE

I'm currently running at a low risk level of 20.65 and a net APY of 4.16%.If my risk level gets to 100,it'll get liquidated so it's best to keep your risk level below 50.

REPAYING AND UNLOCKING YOUR ASSETS

Click on the borrow option and pay it all back.

The loan has been repayed.

You can also unsupply your tron tokens if u want to.Choose the amount ,accept the contact and that's all.

Thank you professor @sapwood for this challenging lecture I really hope you enjoy my work.

All screenshots are from my tronlink app and the justlend site

#sapwood-s2week3 #cryptoacademy #defi #justlend #market #steemexclusive