JustLend (JST): Analysis Of DeFi Platforms in TRON Ecosystem

2025-04-11, 00:59

Introduction

JustLend (JST) as the leader of TRON‘s decentralized finance, is leading the revolution of digital asset management. As the core of the CDP lending platform, JustLend not only provides users with flexible financial tools, but also empowers the community with greater voice through decentralized governance mechanisms. Let’s explore JustLend and start your journey into decentralized finance.

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JustLend: Decentralized Financial Revolution in the TRON Eco

JustLend, as the first official lending platform in the TRON eco, has become an important pillar of TRON’s decentralized finance since its launch on December 7, 2020. The platform allows users to deposit assets to earn interest or use assets as collateral for lending, with interest rates dynamically adjusted according to market demand. JustLend supports a wide range of TRON assets, including TRX, BTC, and USDT, providing users with ample liquidity and flexible financial strategy choices. As of April 2025, JustLend’s Total Value Locked (TVL) has reached $8 billion, demonstrating its significant position and user trust in the TRON eco.

The core advantage of JustLend lies in its transparent, fast, and efficient decentralized services. The platform uses smart contracts to automate transactions, ensuring that all protocol interactions are transparent and auditable. In addition, JustLend has introduced an automatic liquidation mechanism. When the collateral value of the borrower falls below a specific threshold, the will automatically trigger liquidation to protect the interests of lenders. This design not only enhances the security of the platform but also strengthens user confidence in JustLend.

Multiple business lines help lead DeFi operations

JustLend provides a range of DeFi products based on the TRON blockchain to meet the financial needs of different users. Here are its main business products:

JustStable (USDJ): A stablecoin pegged 1:1 to the US dollar, generated on the JustLend CDP platform by collateralizing TRX or other supported assets. USDJ can be used for borrowing, payments, or as a stable asset in DeFi applications. This year also saw the support for another Tron-based decentralized algorithmic stablecoin, USDD.

JustLend DAO: a decentralized autonomous organization (DAO), where JST holders can participate in platform governance decisions through voting to influence future development directions.

SBM (Supply and Borrow Market): A protocol for the supply and borrowing market, where users can deposit assets into liquidity pools to earn interest or borrow using collateral. The borrowing interest rates are dynamically adjusted based on market supply and demand, ensuring transparency and efficiency.

sTRX (Staked TRX): An efficient TRX staking pool where users can stake TRX to receive sTRX tokens, and earn high returns through voting rewards and energy leasing.

Energy Rental: A platform on the TRON network that allows users to rent energy, significantly reducing the trading costs for high-frequency traders.

JustSwap: An Automated Market Maker (AMM) platform that supports permissionless exchange and liquidity provision for TRC-20 tokens.

JustLink: The first decentralized oracle on the TRON network, providing real-world data support for smart contracts.

These products together form the eco of JustLend, providing users with a comprehensive DeFi solution ranging from stablecoin issuance to lending, governance, and more.

JST token: Token for unlocking high yields and governance rights

The JST token is the core of the JustLend eco, with a total supply of 990 million, all of which are currently in circulation. As a governance token, it gives holders the right to participate in platform decisions, profits, and more.

Governance: JST holders can participate in the voting of JustLend DAO, influencing the development of the platform.

Fee payment: Users need to pay a stable fee (Stable Fee) when borrowing on the platform, some of which is paid in JST.

Incentive mechanism: used to reward liquidity providers, borrowers, and governance contributors.

Staking: Users can stake JST to earn additional rewards.

The economic model of the JST token is unique, forming a dual-token with the USDJ stablecoin. USDJ is a stablecoin pegged to the dollar at a 1:1 ratio, generated by collateralizing TRX on the JustLend CDP lending platform. JST, as an important part of the USDJ monetary , not only allows holders to participate in community governance but also to pay stability fees for CDP loans under a fair . This design ensures the continuous demand and value of JST in the JustLend eco.

From a historical perspective, the price of JST is influenced by the overall trend of the cryptocurrency market, especially closely related to the performance of the TRON (TRX) market. It is worth noting that since the beginning of 2025, JST activity has declined, and trading volume has decreased, which may have a negative impact on the price.

The future of JustLend: expanding the eco and cross-chain integration

Looking ahead, JustLend plans to further expand its eco and achieve cross-chain integration. According to the JustLend DAO 2024 roadmap, the platform will focus on protocol integration and fundamental security iterations, driving a one-stop DeFi experience, focusing on developers and partners, expanding the use cases of JST tokens in multiple protocols, and continuing to empower the JST eco and TRON eco.

JustLend’s development strategy also includes optimizing the interaction of the liquidity pool and high throughput transaction processing. Through these measures, JustLend aims to consolidate its leadership position in the TRON eco and attract more users and developers to participate in decentralized finance.
With the continuous development of decentralized finance, JustLend, as an important part of the TRON eco, is providing a convenient and highly transparent financial service for global users. Investors and fintech enthusiasts can follow the development of JustLend, explore its diverse financial products and services. For users seeking high returns in the field of decentralized finance, Gate.io Exchange provides convenient JST token trading services, serving as an ideal entry point to participate in the JustLend eco.

Conclusion

JustLend (JST) is a DeFi platform based on the TRON blockchain, offering stablecoin lending, governance mechanisms, and a variety of financial products. Since its launch in 2020, the platform has gradually developed into an important part of the TRON eco. JST, as its governance token, has clear economic functions and incentive mechanisms, with its price fluctuations closely related to the overall trend of the DeFi market. Although specific future plans have not been detailed, JustLend will continue to focus on building a fair and efficient decentralized financial .

Risk Warning: The cryptocurrency market is highly volatile, and the price of JST may fluctuate significantly due to market sentiment, regulatory policies, or technical issues. Investment needs to be cautious.

Author: Charle A., Researcher at Gate.io

This article represents the author's views only and does not constitute any trading advice. Investment carries risks, and decisions should be made with caution.

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