Dear users,
JustLend is going to add USDD as a collateralizable asset on May 5th, 2022 (SGT), users will be able to supply and borrow USDD from that moment on.
USDD is a TRON-based decentralized stablecoin issued by TRON DAO Reserve.
USDD's Market Parameters:
The collateral factor of USDD is set at 0%, while its reserve factor is set at 5% to encourage more supply and borrow of the asset.
The USDD market adopts the same interest model as USDT does, where the interest rate rockets to a higher tier when the utilization rate exceeds 80%. Its APY hits 25.46% when the utilization rate reaches 100%. Supply and borrow APYs at different utilization rates are as follows:
|
Utilization rate |
Borrow Base APY |
Supply Base APY |
|
0% |
0.00% |
0.00% |
|
10% |
0.63% |
0.06% |
|
20% |
1.25% |
0.24% |
|
30% |
1.88% |
0.53% |
|
40% |
2.50% |
0.95% |
|
50% |
3.13% |
1.48% |
|
60% |
3.75% |
2.14% |
|
70% |
4.38% |
2.91% |
|
80% |
5.00% |
3.80% |
|
90% |
15.90% |
13.59% |
|
100% |
26.80% |
25.46% |
We believe that adding support for the USDD market facilitates the growth of JustLend and further improves its ecosystem.
Thank you for your support!
JustLend Team
5th May, 2022