Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-3.

Now it is time to heat things up. In order to acquire jTokens (which is needed to borrow on the platform)

No.

The moment you supply a token (listed in JustLend), you get jTRX tokens. When you want to borrow another token you need to collateralize it(by sliding it to YES). In that interface you see TRX, but when you slide it to YES, you actually collateralize jTRX.

As I maximized my loan, I am currently running it with a risk level of 80. It will be liquidated if it reaches 100, and my net APY is 4,23%.

That's correct, and also consider the volatile price of TRX. That is why it is advisable to keep the risk value below 50.

Your net APY is 4.23%. See you have taken a loan, yet you are earning interest! (Because the net APY is positive).

Feedback/Suggestions:-

• The author has demonstrated with a real example-- he has contributed to the TRX Supply Pool to earn supply APY and borrowed USDJ to pay interest. The net APY is 4.23%

Thank you.

Homework Task -3 accomplished.
[9]