JustLend

Lending

JustLend is a money market platform that allows permissionless borrowing and lending of native assets on the Tron network.

Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
JustLend enables Tron based assets to be used as collateral.
What we like less
The team still has significant control over the lending platform with no documented multisig address.
What it means for you
Offers you high yields on stablecoins and Tron assets, while leveraging the fast speed and low gas costs of the Tron network.

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Information
Exploit/Hacks
None
Info
Key Metrics
  • TVL: $5.9B (Rank #7)
  • TVL Ranking by Lending: #2
  • Blockchain: Tron
  • Chain TVL
    • Tron: $5.86B
Risk Assessment
Average
Protocol Code Quality
  • Code reviewed by at least one experienced auditor; CertiK audited in April 2022
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2020; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 1% by total value locked reduces risk
  • Requires members of a DAO to vote on-chain for approving contract upgrades
  • Timelock is at least 48hrs, which provides users with sufficient time to exit if any malicious upgrades are approved
  • At least one critical governance issue documented
  • Highly concentrated voting power increases risk
Protocol Design
  • No death spiral concerns
  • Solid controls to prevent oracle price manipulation
  • Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
  • Basic controls in place to prevent risky borrowing
  • Basic mechanisms in place to incentivize liquidations
  • Basic method to accrue protocol reserves
  • JustLend is the leading decentralized lending platform on the Tron blockchain; it currently operates in a similar fashion to Anchor by offering high yield on user deposits of USDD stablecoin
Things to know about JustLend

How JustLend works

JustLend consists of a decentralized system of lending pools. Users deposit assets they want to lend into a liquidity pool and borrowers draw from the pool when they want to take out a loan. JustLend borrowers must first supply assets before they can borrow. Given the high volatility of crypto assets, borrowers must post more collateral than the value of the loan, or commonly referred to as overcollateralization. Interest rates on JustLend are driven by market supply and demand. To facilitate this activity, JustLend issues jTokens (TRC-20 token) to lenders that reflect accruing interest on the underlying token.

How JustLend makes money

JustLend currently generates income from a reserve factor that allocates a share of borrowers' fees to the ecosystem reserve. Each supported asset has a reserve factor that determines how much goes into the reserve.

How you make money on JustLend

You earn lending fees on JustLend by depositing you crypto assets to be used by borrowers looking for leverage. JustLend also offers additional protocol incentives in its the USDD stablecoin to bootstrap demand.

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JustLend Pools
JustLend BTC Lending
0%
Yield
$5B
TVL
Risk
D
Protocol
JustLend
Chain
Tron
JustLend USD Lending
6.6%
Yield
$166M
TVL
Risk
D
Protocol
JustLend
Chain
Tron

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