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RE: Steemit Crypt Academy week 3 - Home work post for @sapwood | Justlend
Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-3.
My supply transaction was successful.
Pay attention to the Function-Mint(in the screenshot), when you supplied TRX to JustLend. That literally means that when you supply TRX tokens, you mint jTRX, and as a result, jTRX is delivered to your TronLink Wallet.
The new interface informed me that I had burrow limit of $8.63.
That means the collateral factor in the TRX market is 0.75(or 75% of the Supply).
The interest I payed was 0.000008.
Interest rate accrued at every 3 seconds and keeps on accumulating.
Feedback/Suggestions:-
- The author has demonstrated with a real example-- he has supplied 100 TRX to the Supply Pool to earn supply APY and borrowed 10 WBTT. The net APY is 4.63%.
- The author is quite organized, however one round of proof-reading is required.
Thank you.
Homework Task -3 accomplished.
[9]
Hey @sapwood , sorry to ask , but I want to ask where can we see the interest that we have to pay for borrowing the asset?
Interest- APY- 1.85%
Interest accrued- every 3 seconds
I hope it clarifies.
Thank you.