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How to supply/withdraw/borrow/repay assets on JustLend DAO?

Tech Support
  • Updated

Supply & withdraw

Currently, JustLend DAO supports supply and borrow in 15 token markets. You can view the market list in the lower section of the "Dashboard" page or on the "Markets" page.

jToken refers to the “receipt” users get for supplying assets to JustLend DAO. You will receive interest payment and be able to borrow assets based on the number of jTokens you have.

 

Supply

  • In the "Markets "section of the "Dashboard" page or on the "Markets" page, find a target market or filter markets by token balance.
  • Click "Supply" to supply your asset to a market.
  • Your approval is required before supplying asset in a market for the first time. We recommend that you reserve sufficient resources or TRX as transaction fees in your account before the action. Otherwise, the transaction may fail.  
    • If you have already enabled collateral for the market, the borrow limit and risk value will vary with the amount of asset you supply.
    • If not, you will see a prompt message showing the change to your borrow limit once you enable collateral.   

  • Click "Supply" and sign in your wallet. After that, you will receive jTokens corresponding to your supplied asset. Please note that jTokens are important receipts of your supplied assets and think twice before you transfer them to a third party. Otherwise, your supplied assets and yields may be lost.

Withdraw

  • On the right side of the "Dashboard" page, you can view your assets supplied to each market.
  • Click on a market, and you will see the "Withdraw" window.

  • If you have no debt on JustLend DAO, you can withdraw all your supplied assets. If you have debt, we recommend that you pay attention to the risk bar below when you enter the withdrawal amount. When the risk bar turns to Red, it indicates that the risk value of your account is very high.

     

Borrow & repay

Borrow

  • Before you borrow from JustLend DAO, please make sure you have supplied assets to at least one collateral-enabled market.

  • In the "Markets "section of the "Dashboard" page or on the "Markets" page, find the asset you want to borrow and click "Borrow".

  • We recommend that you pay attention to the risk value when you borrow assets. The default upper limit of the risk value is 80.

  • The "Total Borrow" value and the risk bar color will change with the borrowing amount you enter. When the risk bar turns to Red, it indicates that the risk value of your account will be high if you borrow asset of the entered amount. After you borrow the asset, the corresponding market will automatically have collateral enabled.

Repay

  • On the right side of the "Dashboard" page, you can view all the markets in which you have borrowed assets.

  • Click "Repay" corresponding to a market, and you will see the pop-up window.

  • You should repay in the same token as the borrowed asset. If you have no asset borrowed from the market, no repayment is required.

  • If you have asset borrowed from the market, the "Total Borrow" value and the risk value will reduce as you repay. The repayment covers both the principal and the interest.

      

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