Steemit Crypto Academy | Season 2: Week3-- JustLend by prof @sapwood

Hello Everyone,

I deem it a great honor participating in this week homework task by prof @sapwood. The detailed lesson was very comprehensive. Below are my answers to the questions asked in the homework task.

(1) 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)

The different Markets available in JustLend are nine in number and these include the following;

1. WBTT
2. USDT
3. USDJ
4. SUN
5. TRX
6. ETH
7. JST
8. WIN
9. BTC

AVAILABLE MARKETS

(2) 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)

How to Connect TronLink Wallet to Justlend

1. Click on Connect Wallet from Justlend homepage
2. Click on connect wallet
3. confirm from your wallet

How to Supply TRX Token

1. Click on TRX from the markets
2. Click on supply
3. Enter amount of TRX to supply
4. Click accept to confirm

(3) How do you acquire jTokens, after supplying a particular token, check your TronLink Wallet and indicate how much jTokens you have acquired? (Screenshot Needed)

How to Acquire jTokens

1. First collateralized your supplied tokens by switching the button to yes
2. Click on use TRX as collateral
3. Accept to confirm transaction
4. Check to confirm acquired jTokens

I have acquired 1999.36609947

(4) 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?

How to borrow an Asset in JustLend

1. Collateralized your supplied asset
2. Click and select the asset to borrow, i.e. USDJ token
3. Click on borrow
4. Enter the amount of USDJ to borrow and click on Borrow
5. Click on accept to confirm transaction made.

(5) 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)

At 100% risk value, liquidation would be triggered. The net APY of my account is 4.09% and the risk value is 54.32
The risk value of my account indicates that my account is at a medium risk.

MY Net APY value

My Account Risk Value

(6) How do you repay & unlock your asset in JustLend?(Screenshot Needed)

How To Repay My borrowed Asset

1. Select and click on my borrow
2. Click on the asset (USDJ)
   3.Click on Approve USDJ
3. Accept to continue repay
4. Enter the amount to repay
5. Click on repay and accept transaction

How to Unlock your Asset in JustLend

1. Click on my Supply
2. Click on TRX asset
   3.Enter the amount of TRX to withdraw say MAX
3. Accept and confirm transaction

CONCLUSION

In my final steps for the withdrawal failed and this was as a result of low bandwidth and insufficient TRX left in my account. I really enjoyed this weeks lesson and thanks to all for reading and passing by my post.
Special Thanks to prof @sapwood for this wonderful lecture taught this week.