Steemit Crypto Academy- Homework Post for [sapwood]

Assalam-O-Alaikum!

Hello everyone and welcome to this post. Hopefully, all of you will be good and enjoying your health with the grace of Allah Almighty. This is my homework submission post for dear sir @sapwood from India. I have read the whole of his lecture and now I am going to answer the questions the professor has asked as a task. So let's start our today task.

Source

There are some questions asked by our professor as a task. So let me answer these questions in a given order.

(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)

First of all, it is necessary for all of us to know about the JustLend. JustLend is a decentralized financial system that allows the TRON users to the Supply Pool and Borrow Pool.

There are nine different markets are currently available in the JustLend platform. These are markets are actually the cryptocurrencies that are available in the JustLend platform. One can Borrow or Supply his desired coin or market from these nine.

These nine markets are as follow:

• TRX(TRON)
• USTD(Tether USD stable coin)
• BTC(Bitcoin)
• ETH(Ethereum)
• SUN(SUN)
• JST(JUST)
• USDJ(JUST Stablecoin)
• WBTT(Wrapped BTT)
• WIN(WINK)

These are the nine coins that are currently available on the JustLend platform. So now we will discuss the markets with the best Supply APY and the market with the lowest Borrow APY. So let's discuss these markets.

Top Supply APY:

The best market which allows the best Supply APY at the current time is the WIN token of the WINK platform.

Asset	Supply APY	Borrow APY
WIN ( WINK )	17.63%	6.45%

As this tabular data shows the market/asset which is WIN, which allows the best Supply APY at the current. The current Supply APY of this asset is 17.63% of the total Supply APY of all nine assets present in the JustLend.

Lowest Borrow Supply:

The market/asset which is showing the lowest Borrow APY at the time is the USDJ asset which is actually the stable coin of the JUST platform.

Asset | Borrow APY | Supply APY
USDJ (JUST Stablecoin) | 0.60% | 7.85%

So, here from the above tabular data, you can see that USDJ is the coin that is actually the Stable coin of the JUST platform. Its Borrow Supply is about 0.60% of the total Borrow APY of all the nine assets available on the platform.

(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)

As we have discussed the JustLend and different markets which are available in this platform all in the above section. So now we will discuss that how we can connect the TronLink wallet with the JustLend platform.

• First of all, we have to open the JustLend website. Here we will see the Connect Wallet option.

• Then, you will see the menu bar as shown in the above screenshot. Here we have to click the TronLink Wallet option.

• By clicking on this option we will see that our account has been logged into the JustLend web as mentioned in the above screenshot.

You can see that my Tron wallet has been connected to the JustLend.

Supply TRX Token:

Now, we will discuss that how to Supply any token in the JustLend market to earn profit from it.

• I am going to Supply in the TRX market. First of all click on the Supply option located at the front of the TRX token/market.

• Now, we will see this menu bar, and here we have to put the amount which we want to supply in the market. Here I am going to Supply 5 TRX. After entering your amount you have to click the Supply button located at the bottom of the menu.
  

• Then you will see another menu containing the Accept button. Click on the Accept button.
  

• By clicking on the Accept button we will receive a notification in which we will inform about the Successful Transaction made by us.

So this is the way to supply TRX to the JustLend platform.

(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)

As we have discussed above, how to Supply a token in the JustLend. Now, we will discuss that how can acquire jTokens in the TronLink wallet. So, let's follow these steps.

• First of all, we have to go to our TronLink wallet to which the JustLend has been attached.
  

• As shown in the above screenshot you can see that how do you acquire the jTRX and you can see that I have no jTRX as I have failed my transaction of the TRX into the Supply Asset.

(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?

As we have discussed above, how we can Supply tokens and how to acquire the jTRX tokens. So now I am going to discuss that how we can Borrow another asset given in the market of the JustLend. So let's see the screenshots.

• First, click on the Borrow button located at the front of the USDT, a stable coin of the Tether USD. Click on the borrow button as mentioned in the above screenshot.

• Now enter the amount which you have to Borrow any of the assets (USDT). As I have no sufficient resources so there is no continue option in my borrowing menu. But if one has a sufficient amount of borrowing so there will be a confirmation option and on clicking on this confirmation option the borrowing process will be completed.

(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)

Now, we will discuss that how we can check our Account Status and net APY, and the Risk value of our JustLEnd account. So, let see these screenshots.

• We can see the status of our account on the Home page of our account JustLend platform. You can see in the above screenshots that I have no Risk Value on my account and there is -0.01 APY on my account which is no more enough and I hope that I will increase my account status in the near future.

(6)

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

After all, here is the question which I was waiting for impatienatley. So now we are going to discuss, how to reply and unlock our asset in the JustLend.

• First, we click on the Borrow button present in front of the USTD (Tether USD).

• Here we will see a menu bar where we have to select the Repay option. Then click on the Approve USDT.

• Then you will see a menu bar to approve the repay. You have to click on the Accept option. After clicking on it.

• Now, you have to put on the amount which you want to Repay. As I have no amount so I cannot do it. But one can simply do it by putting in the amount.

So that's all about today's task. Hopefully, all of you will like this post. This was really a challenging task for me as I have no account on the TronLink, as well as on the JustLend . So first, I have made these accounts and then I have no resources to Supply, Borrow or Repay assets but I tried my best to show you the best method to do these all processes.

Special Mention dear sir @sapwood here to review out my post ASAP.

Regards:

@steemlover63