JustStable is a decentralized lending platform that allows permissionless borrowing of the USDJ stablecoin.
JustStable is a decentralized borrowing protocol that allows borrowers to draw loans against TRX deposits. Loans are paid out in USDJ, a USD pegged stablecoin with a collateralization ratio of at least 130%. The DAI peg is further supported by a Target Rate Feedback Mechanism (TRFM). The TRFM triggers once the price of USDJ falls below the Target Price (1 USD) and will increase the Target Rate, thus making it more expensive to mint USDJ with TRX. The increased Target Rate also drives up the demand for holding USDJ. As such, the reduced supply and increased demand works to drive up the price of USDJ back to its Target Price. And vice versa, the same mechanism works in reverse by decreasing the Target Rate when USDJ is above the Target Price.
JustStable collects a stability fee on all USDJ generated through its smart contracts. The stability fee is a variable-rate fee that continuously accrues to the generated USDJ by a user but must be paid in JST governance token. Once repaid, the JST will be burned and removed from the circulating supply.
You can deposit TRX into the JustStable to mint USDJ to be used across DeFi on the Tron network.