Dear users,
This announcement is relevant to all users who stake USDJ on the JustLend platform. Please read it carefully.
We would like to inform you about a significant change regarding the USDJ market. The Collateral Factor of USDJ Market will be adjusted from 75% to 0% and the Reserve Factor will be adjusted from 5% to 100%. It is expected to take effect at around 23:59 on June 29, 2025(SGT).
JustLend DAO is deeply committed to market risk management. We conduct comprehensive risk assessments, technical reviews, and ongoing market analyses at the earliest sign of any potential uncertainties that could impact the market. In response to the risks posed by the USDJ market, JustLend DAO has suspended both the supply and borrow functions for USDJ. This precautionary measure is aimed at safeguarding user assets and ensuring the healthy and stable development of the platform. At the same time, JustLend DAO will adjust the parameters of the USDJ market to further phase it out.
As JustLend has granted the right of governance to the community, adjustment of any parameters needs to be decided by the community through voting. We have initiated the proposal on the adjustments mentioned above. Please closely follow JustLend Proposals for more details.
We are committed to maintaining the stability and security of our platform and will continue to monitor the situation closely. Your understanding and attention to this matter are greatly appreciated.
Thank you for your support!
JustLend DAO
June 29, 2025 (Singapore time)