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

in SteemitCryptoAcademy4 years ago

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

After supplying a token to JustLend, you acquire jTokens (jTRX) in the case of providing TRX. jTokens serve as receipts to prove that the wallet supplied tokens to JustLend and once transferred to another wallet, the wallet automatically loses its right to its supplies.

That's correct. Although it is transferrable one should not do that. Technically jTRX is collateralized to borrow an asset, not TRX, even if the interface appears like that.

I will turn off my token as collateral and withdraw but I am not willing to remove my supply for now so I can receive dividends on my supply.

Yes, you have a good amount of supply in JustLend to earn passive income.

Feedback/Suggestions:-

  • The author has demonstrated with a real example-- he has supplied 158.129 TRX to the Supply Pool and borrowed 1 USDT.
  • The author has included all the relevant screenshots required for this Task.

Thank you.


Homework Task -3 accomplished.
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Thank you very much my friend for the review, I am glad to be part of your lecture.

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