Crypto Academy Week 11 | Homework Post for @sapwood | JustLend
Introduction
JustLend
What are the different Markets available in JustLend, which market offers the best Supply APY, and which market offers the lowest borrow APY?(Screenshot needed)
Highest Supply APY and Lowest Borrow APY
How do you connect TronLink Wallet to JustLend, and How do you supply a token(e.g. TRX, SUN, JST, etc) to earn Supply APY? (Screenshot Needed)
- Open Tronlink Wallet App.
- Select Discover from the icons at the bottom of the page to access TronLink DApp.
- Visit www.justlend.org/ in the DApp.
- On JustLend landing page, connect wallet by selecting the top-right Menu icon.
TronLink- Discover
JustLend Navigation
Connect wallet
Account ready
Supplying TRX to earn 4.59% APY
Markets
- From JustLend homepage, scroll down to see the market.
- I selected supply on TRX.
- Inputted the volume of TRX I am supplying (150 TRX) then hit the "Supply" button.
Supply TRX
Supply Value for TRX (150)
- Now, I input my wallet password to proceed and clicked "Done".
Process supply
Transaction sent
My Supply record
How do you acquire jTokens, after supplying a particular token, check your TronLink Wallet and indicate how much jTokens you have acquired? (Screenshot Needed)
Add Assets
my jTRX
How do you collateralize jTokens to borrow another asset? Borrow any asset of your choice(e.g. USDT), you can borrow a micro amount(as little as 1 USDT), include the entire process with screenshots?
- Visit www.justlend.org/.
- I already have my wallet connected.
- From the dashboard, I switched collateral to "YES". Then, I clicked "Use TRX as Collateral" having my borrow limit to be 14$ which is around 75% of my total TRX supply.
- I inputted my password to effect the change and it was successful.
- Now, I have collateralized my jTRX.
Enabling collateral
Use TRX as Collateral
Input password
Collateral enabled
Borrowing USDT
- I will be borrowing USDT on JustLend.
- Visit JustLend, scroll down to markets.
- Select "Borrow" on USDT market.
- I inputted 1 USDT as the amount I'm borrowing with the borrow APY 1.72%.
- Supplied my password to proceed.
- 1 USDT received and reflected on my JustLend dashboard.
Borrowing USDT
Borrowing 1 USDT
Input password
USDT borrowed
How much interest did you pay, under what condition it will trigger liquidation? What is the net APY in your case? What is the Account Status(Risk Value) in your case? (Screenshot Needed)
My Net APY
My Net APY
Account Risk value
How do you repay & unlock your asset in JustLend?(Screenshot Needed)
How I repaid the borrowed USDT
- Visited www.justlend.org/ through my TronLink DApp.
- I switched to borrow on my dashboard and clicked on the asset (USDT).
- A repay interface popped up.
- I inputted the amount of USDT I'm repaying and I selected "Max" because I'm paying all.
- Clicked "Repay", and supplied my password.
- Successfully repaid the borrowed USDT. My account returned to 0 Risk value.
Borrowed USDT
Repay USDT
Supplied password
Borrowed USDT repaid- Account risk value equals 0.
How to withdraw my assets
- From the JustLend homepage, I selected my supply.
- Switched to "Withdraw".
- Inputted the amount of TRX I am withdrawing and in this case, I am withdrawing all "MAX".
- Supplied my password to proceed.
- The transaction was successful. I have neither supply nor borrow asset on JustLend.
- My initial 150 TRX plus fragments was returned to the TronLink wallet.
Supply
Withdraw
Input password
No available supply nor borrow assets
Deposited TRX in my TronLink wallet
Cc: @sapwood
Written by; @fredquantum
Wow excellent presentation. I really enjoyed a lot on stopping your post.
On using which application you Edit your Screen shots??
Thanks for appreciating the piece of work from me, I really appreciate the time spared. On the part of the App I used to provide annotations to the screenshots, its iMarkup and you can get it on Google play store. And I guess on IOS store too. Thank you once again.
Thanks for giving details. I must use this application for further needs.
Thank you so much my friend.
You are most welcome.