Announcement on Enabling Supply and Borrowing of USDD(V2.0) Market

Dear users,

JustLend DAO has added USDD (V2.0) as a collateralizable asset on Jan 31, 2025 (SGT), users will be able to supply and borrow USDD (V2.0) from that point forward. For more details, please refer to add the USDD V2.0 Market. 

Introduction to USDD (V2.0) 

USDD (V2.0)  introduced a transformation by fully decentralizing minting permissions, placing control entirely in the hands of the community. The collateral system is transparently managed through smart contracts, ensuring users can independently oversee and manage their assets without central authority interference. This empowers users to retain ownership of their crypto assets while leveraging stablecoins for diverse investments and transactions.

Moreover, USDD (V2.0) enhances the collateral framework, optimizing asset types and stability mechanisms to offer greater flexibility and security. These improvements cater to a wide range of user needs, elevating the overall user experience. To mitigate the effects of crypto market volatility, USDD (V2.0) incorporates advanced features such as varied collateralization rate vaults and the Peg Stability Module (PSM), ensuring price stability and minimizing associated risks.

To migrate the USDDOLD to USDD (V2.0), please visit the USDD official website. The specific situation is subject to the USDD official.

Market Parameters

The collateral factor of USDD (V2.0) is set at 85%, and its reserve factor is set at 5%.

The USDD (V2.0) market uses a similar interest rate model to USDDOLD. Its supply and borrow APYs at different utilization rates are as follows:

As JustLend DAO has granted the right of governance to the community, the decision to launch a new market needs to be decided by the community through voting. We have initiated the proposal on the parameters mentioned above. Please closely follow JustLend Proposals for more details. 

Thank you for your support!

JustLend DAO

Jan 31, 2025 (Singapore time)