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JustLend DAO Proposes Launch of USD1 Stablecoin Market
Summary: According to official announcement, JustLend DAO has officially launched a governance proposal to introduce World Liberty Financial's fully collateralized USD1 stablecoin (TRC20) to their platform. The proposal includes adding jUSD1 support in smart contracts, with an initial collateral ratio of 0% for USD1, a reserve ratio of 10%, and the introduction of a stepped interest ...
According to official announcement, JustLend DAO has officially launched a governance proposal to introduce World Liberty Financial's fully collateralized USD1 stablecoin (TRC20) to their platform. The proposal includes adding jUSD1 support in smart contracts, with an initial collateral ratio of 0% for USD1, a reserve ratio of 10%, and the introduction of a stepped interest rate model where rates will increase to higher tiers when utilization exceeds 80%. At 100% utilization, the supply annual percentage yield (APY) will reach 72.90%. This move will significantly expand stablecoin options for users and enhance platform liquidity. If approved, users can earn high yields by depositing USD1 or use it as collateral for lending operations, further expanding DeFi financial applications. JustLend DAO will continue to optimize the protocol to provide users with a more secure and efficient lending service.
