Dear users,
JustLend DAO is going to add sTRX as a collateralizable asset on Jun 26th, 2023 (SGT), users will be able to supply and borrow sTRX from that moment on.
sTRX is a yield-bearing token provided by JustLend DAO based on "Staked TRX". See details: What is sTRX?
sTRX's Market Parameters:
Due to the large amount of circulation, the collateral factor is set at 75%, while its reserve factor is set at 10% to encourage more supply and borrow of the asset.
The sTRX market uses a similar interest rate model to TRX, where the interest rate jumps to a higher tier when the utilization rate exceeds 80%. Supply and Borrow Base APYs at different utilization rates are as follows:
|
Utilization rate |
Borrow Base APY |
Supply Base APY |
|
0% |
2.00% | 0.00% |
|
10% |
4.88% | 0.44% |
|
20% |
7.75% | 1.40% |
|
30% |
10.63% | 2.87% |
|
40% |
13.50% | 4.86% |
|
50% |
16.38% | 7.37% |
|
60% |
19.25% | 10.40% |
|
70% |
22.13% | 13.94% |
|
80% |
25.00% | 18.00% |
|
90% |
112.50% | 91.13% |
|
100% |
200.00% | 180.00% |
We believe that adding support for the sTRX market facilitates the growth of JustLend DAO and further improves its ecosystem.
Thank you for your support!
JustLend DAO
Jun 26, 2023 (Singapore time)