What is JustLend

Introduction

As decentralized finance (DeFi) continues to reshape the financial landscape, platforms like JustLend are making it easier than ever to lend, borrow, and earn interest on your crypto assets. Built on the fast and efficient TRON blockchain, JustLend offers a user-friendly way to interact with decentralized lending markets.

In this guide, we’ll walk you through every step of using JustLend—from setting up your wallet to supplying assets, borrowing funds, and tracking your earnings. Whether you’re a beginner or an experienced DeFi user, this guide will help you make the most of JustLend’s features.

What You Need to Start

Before using JustLend, ensure you have the following:

1. A TRON-Compatible Wallet: Popular options include TronLink (browser extension or mobile app).

2. TRON Network Assets: Tokens like TRX (for transaction fees) or USDT and USDC to lend or borrow.

3. Access to JustLend: Visit the official platform at JustLend

Step 1: Set Up and Connect Your Wallet

1. Install a TRON-Compatible Wallet

   • Download and install the TronLink wallet as a browser extension (Google Chrome recommended) or a mobile app.

   • Create a new wallet or import an existing one using your recovery phrase.

2. Fund Your Wallet

   • Transfer some TRX to your wallet to cover transaction fees.

   • Add any other tokens you plan to lend or borrow (e.g., USDT, USDC, JST).

3. Connect Your Wallet to JustLend

   • Visit JustLend

   • Click “Connect Wallet” in the top right corner.

   • Select TronLink and approve the connection in your wallet.

🎉 Your wallet is now connected to JustLend!

Step 2: Supplying Assets to Earn Interest

Supplying assets on JustLend allows you to earn passive income through interest generated from borrowers.

1. Navigate to the “Supply” Page

   • On the JustLend dashboard, select the "Supply" option.

2. Choose an Asset to Supply

   • Select a supported asset (e.g., USDT, USDC, or TRX).

   • Review the current APY (Annual Percentage Yield) displayed for each asset.

3. Enter the Amount to Supply

   • Input the amount of the asset you want to deposit into the liquidity pool.

4. Confirm the Transaction

   • Click “Supply” and confirm the transaction in your TronLink wallet.

   • Wait for the transaction to be processed on the TRON blockchain.

✅ Once complete, your supplied assets will start earning interest in real time! You can view your balance and interest accrual in the JustLend dashboard.

Step 3: Borrowing Assets on JustLend

If you need liquidity without selling your existing holdings, JustLend allows you to borrow assets against your supplied collateral.

1. Supply Collateral

   • To borrow, you must first deposit collateral (e.g., TRX or USDT) by following the steps in the previous section.

2. Navigate to the “Borrow” Page

   • Select the “Borrow” option from the dashboard.

3. Choose the Asset to Borrow

   • Pick a token you want to borrow and check the borrowing interest rate.

4. Set the Borrowing Amount

   • Enter the amount you wish to borrow. The borrowing limit depends on the collateral you supplied and its Loan-to-Value (LTV) ratio.

   • LTV Example: If the LTV ratio for TRX is 60%, supplying $100 worth of TRX allows you to borrow up to $60.

5. Confirm the Transaction

   • Click “Borrow” and confirm the transaction in your wallet.

⚠️ Note: Keep an eye on your collateral value. If the value of your collateral drops below the liquidation threshold, it may be liquidated to repay your loan.

Step 4: Withdrawing Assets and Repaying Loans

Withdrawing Supplied Assets

1. Go to the “Supply” section on the dashboard.

2. Select the asset you want to withdraw.

3. Click “Withdraw” and confirm the transaction.

Repaying Loans

1. Navigate to the “Borrow” section.

2. Select the loan you want to repay.

3. Click “Repay”, specify the repayment amount, and confirm the transaction.

💡 Tip: Repaying your loan early can help you save on borrowing interest.

Step 5: Monitor Your Activity

JustLend provides a user-friendly dashboard where you can track:

• Supplied Assets: View your balances and interest earned.

• Borrowed Assets: Monitor loan amounts, repayment progress, and collateral status.

• Interest Rates: Check real-time APY for supplying and borrowing tokens.

FAQ: Frequently Asked Questions

1. What Assets Can I Supply or Borrow on JustLend?

JustLend supports popular TRON-based assets, including:

• TRX (TRON’s native token).

• USDT and USDC (stablecoins).

• JST (JustLend’s governance token).

2. Is JustLend Safe to Use?

Yes, JustLend operates on the TRON blockchain using audited smart contracts to ensure security and transparency.

3. How are Interest Rates Determined?

Interest rates on JustLend are algorithmically adjusted based on the supply and demand for each asset.

4. Can I Withdraw My Supplied Assets Anytime?

Yes, you can withdraw your supplied assets at any time as long as there’s sufficient liquidity in the pool.

5. What Happens If My Collateral Falls in Value?

If the value of your collateral drops below the liquidation threshold, your assets may be liquidated to repay the loan.

Conclusion

JustLend is a powerful and user-friendly platform for decentralized lending and borrowing on the TRON blockchain. Whether you want to earn passive income by supplying assets or borrow liquidity against your holdings, JustLend offers an efficient, secure, and transparent solution.

By following this step-by-step guide, you can start using JustLend with confidence and make the most of its DeFi opportunities.

Get started today at JustLend and unlock the full potential of decentralized finance! 🚀