Singapore, Singapore, April 19th, 2023, Chainwire JustLend DAO has announced the launch of two new features – “Staked TRX” and “Energy Rental,” aimed at providing users with more flexible and streamlined options while reducing energy rental costs. This major upg...
Singapore, Singapore, April 19th, 2023, Chainwire
STAKED TRX
The new “Staked TRX” feature is based on Stake 2.0 and allows users to earn high yields by staking TRX then receiving sTRX tokens. With “Staked TRX,” the platform automatically earns yields for users via (a) voting rewards as the platform automatically votes for Super Representatives with their staked TRX and (b) renting out the Energy obtained by staking, resulting in higher yields and a much simpler staking process. As voting rewards and rents accrue, the exchange rate of TRX to sTRX will rise accordingly, thus increasing total yields.
ENERGY RENTAL
The new “Energy Rental” feature provides a more cost-effective alternative to obtaining Energy by staking or burning Energy. Users can rent Energy or end their rental at any time, and the new process is less complicated and less expensive.
ADVANCED DECENTRALIZATION
The resources and votes already obtained via staking in Stake 1.0 remain valid, and the staked TRX can be redeemed as usual. However, please take note that users may only stake TRX in Stake 2.0 going forward.
EXPANDING ECOSYSTEM
The two new features of Staked TRX and Energy Rental from JustLend DAO demonstrate yet another way that the TRON blockchain is empowering decentralized commerce and community for every person on the planet.
About JustLend DAO
JustLend DAO is TRON’s decentralized financial platform where users can earn yields through supplied assets, borrow digital assets against collateral, participate in TRX staking, and rent Energy. Committed to developing TRON-based DeFi protocols and providing all-in-one financial solutions to its users, there is now more than $8.7 Total Value Locked in the JUST Network.
The JustLend DAO provides a forum for its users to participate in governance and directives, while empowering its users with decentralized authority, trustless transactions, smart-contract automation, and security with transparent accountability.
Tokens in the JustLend DAO markets (TRX, BTT, JST, NFT, USDT, TUSD, USDD) are granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica. JustLend DAO exists to provide stable and convenient financial lending services for all users.
Contact
media@just.network