DeFi Platform JustLend DAO Unveils Staked TRX and Energy Rental Features
This major upgrade, released on April 16, expands the reach of JustLend DAO’s capability to multiply users' benefits by putting their assets into active use.
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JustLend DAO has announced the launch of two new features – “Staked TRX” and “Energy Rental,” aimed at providing users with more flexible and streamlined options while reducing energy rental costs. This major upgrade, released on April 16, expands the reach of JustLend DAO’s capability to multiply users’ benefits by putting their assets into active use.
The new “Staked TRX” feature is based on Stake 2.0 and allows users to earn high yields by staking TRX then receiving sTRX tokens. With “Staked TRX,” the platform automatically earns yields for users via (a) voting rewards as the platform automatically votes for Super Representatives with their staked TRX and (b) renting out the Energy obtained by staking, resulting in higher yields and a much simpler staking process. As voting rewards and rents accrue, the exchange rate of TRX to sTRX will rise accordingly, thus increasing total yields.
The new “Energy Rental” feature provides a more cost-effective alternative to obtaining Energy by staking or burning Energy. Users can rent Energy or end their rental at any time, and the new process is less complicated and less expensive.
TRON Stake 2.0 makes resource and voting management remarkably more flexible than its predecessor, Stake 1.0. JustLend DAO, the first TRON-based decentralized financial platform, now allows users to earn yields through supplied assets, borrow digital assets against collateral, participate in TRX staking, and rent Energy. The launch of Staked TRX and Energy Rental is expected to spawn a fully decentralized resource market.
The resources and votes already obtained via staking in Stake 1.0 remain valid, and the staked TRX can be redeemed as usual. However, please take note that users may only stake TRX in Stake 2.0 going forward.
TRONSCAN statistics, as of April 18, 2023, show an expansive user base of more than 154.3 million TRON accounts and a total transfer volume of more than $7.35 trillion. The launch of Staked TRX and Energy Rental frees TRON users from their headaches and elevates their user experience. This upgrade empowers JustLend DAO with a new level of efficiency, catering to the massive demand from TRON’s users. JustLend DAO also plans to launch a JST buyback-and-burn program with its revenue to facilitate sustained, healthy growth of the JST ecosystem. Further details will be forthcoming.
In the spirit of decentralization, TRON community members have been using applications related to the TRON Energy Market like TRONPulse Energy Pool, the TRON NRG Marketplace, and Token Goodies. JustLend DAO is excited about the services these and other solutions have been providing and hopes they will continue with much success. An ever-increasing amount of TRON users results in an ever-increasing amount of transactions, which requires an abundance of Energy marketplaces to strengthen and scale utility across the ecosystem. JustLend DAO champions these solutions as well as any others that emerge as the TRON ecosystem expands.
The two new features of Staked TRX and Energy Rental from JustLend DAO demonstrate yet another way that the TRON blockchain is empowering decentralized commerce and community for every person on the planet.