Best TRON DApp | JustLend Lending Platform on Tron Blockchain || 10% @steem-database

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Greetings, my name is Sarafa and with the handle @pocoloco01 on Steemit. This is my first post to the Steem-Database community; thanks to @disconnect, I discovered the community's contest Task #1 - Review & Promote TRON DApp" I'm interested in participating in this contest because it involves Blockchain, Cryptocurrency, and other technologies that I'm interested in. Today I'll be reviewing JustLend Dapp, a tron-based Dapp, grab a sit and enjoy.

According to dappradar, the JustLend lending platform is now ranked 3rd among Dapps in the Tron ecosystem, 87th in the Defi category, and 276th in general Dapp.

_{Screenshot From dappradar}

JustLend dApp statistics in the last 30-day timeframe shows that the dApp's Balance is $238M, and the Volume is $45.57M, with a -45.3 percent decrease.

_{Screenshot From dappradar}

JustLend has completed 20.5k Transactions with a -24.04 percent decline in the last 30 days. Clearly, the Volume has dropped by -8 percent when compared to the prior 7-day period. The data from the last 7 days show that the JustLend user base is 2.2k, up from 4.53k in the previous 30 days, representing a 75.44 percent increase.

_{7 days and 30 days time period}

JustLend

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JustLend is a Tron-based decentralized money lending platform fueled by smart contracts that contains two pools: Supply Pool and Borrow Pool, with a flexible interest rate determined depending on demand and supply. A fluctuating interest rate is earned by a supplier, whereas a fluctuating interest rate is paid by a borrower.

JustLend, unlike traditional peer-to-peer networks, allows users to interact with the pool, resulting in better liquidity than traditional peer-to-peer networks.

If the supply pool's liquidity is larger and the demand for the token (to borrow) is lesser, the interest rate falls, and also for the borrow pool's liquidity is larger than the supply for the token (supplier) is lesser.

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Features Of JustLend

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• The market section

In JustLend, there are 13 different markets- TRX, USDT, BTC, ETH, SUN, JST, USDJ, WBTT, WIN, BTT, NFT, TUSD and USDC

Users can easily supply or borrow any of the listed asset, the interest (APY) for supplying or borrowing each asset is also displayed.

• Supply

You receive an interest rate based on the Supply APY when you supply your asset and will be given jTokens (form of receipt). For instance, if you supply WIN token to the pool, you will be given jWIN tokens as receipt. An individual that supply has the ability to withhold his/her assets at any time. There are no such constraints or deadlines.

For example, I supplied all my WIN token, and was given jWIN tokens as receipt

_{My WIN token supplied on JustLend}

_{My jWIN tokens (receipt)}

• Borrow

You pay an interest rate based on the borrow APY when you borrow asset from the pool. To borrow, you must put up collateral in the form of jTokens. Remember you're given jTokens when you supply your assets, this jTokens may be use to borrow any asset (listed on JustLend) of your choice.

For instance, the jWIN given to me when I supplied my WIN tokens can be used as collateral to borrow another asset of my choice.

Note: Only after repaying the loaned asset, you can have a borrower access the jTokens. After unlocking jTokens, a borrower can remove liquidity from the Supply pool.

Final Words

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In comparison to other prominent DeFi projects built on top of the Etherum Blockchain, the JustLend protocol driven by Smart contracts is unquestionably a low-cost and effective DeFi platform. With an easy-to-understand user interface for new traders. It undoubtedly opens up a path for those who deal with small-scale transactions and are looking for a micro-loan. In JustLend, a loan of as little as 3 USDT is doable and feasible.

Borrowers in JustLend earn an interest rate most of the time thanks to the dynamic interest rate, a concept similar to net APY. There is no expiry date, no restriction, and no time limit.

References

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• Dappradar

• JustLend

• Bitdegree

Thank you all for taking your time to read, God bless you all