It is a TRON/TRC-20 series governance token and is used as a means of JustLend DAO governance, voting rights, and ecosystem coordination. Definition: JST is the governance token of the JUST ecosystem, and JustLend DAO locks up JST to obtain voting rights and process JIP. Function: Provides economic power for parameter adjustment, proposals, voting, and community coordination. 2. It is a collateral-based stablecoin created through a smart contract on the TRON network. Definition: USDJ is designed as a stable asset created by depositing collateral such as TRX, and is premised on a CDP structure and price stability mechanism. Function: Functions...
Investment View
Governance Concentration Risk High proposal/pass criteria are a safeguard, but if the concentration of JST holdings is high, the influence of certain stakeholders can increase. 5. Stablecoin peg risk USDJ's market price and liquidity must be tracked separately, and JustStable's economic confidence may be undermined if the peg is weakened. 6. Even if a security risk audit report exists, an audit is a review of code at a specific version and point in time. Distribution contract changes, front-end attacks, permission keys, and external integrations must be continuously checked. JUST Network / JustLend DAO is the core DeFi financial layer of...
Previous Versions
JUST Network has evolved into a DeFi bundle combining USDJ, JustLend DAO, staking TRX, energy rental, and governance token JST on the TRON ecosystem. JustLend DAO White Paper V2.0 defines the protocol as a “TRON-based decentralized money market” and explains that suppliers and borrowers interact with real-time demand and supply-based interest rates. The official documentation and GitHub also show that JustLend is a Compound V2 type structure consisting of jToken, Comptroller, GovernorBravo, Timelock, and interest rate model.
Investment View
Functional product-market fit has been verified, and it has established itself as a core lending market within TRON, but compared to the maturity of multi-chain institutional DeFi, it lacks profitability, developer base, and governance decentralization. Risk offboarding test: Can liquidation of legacy assets such as ETHOLD and USDDOLD be completed without additional staleness? JustLend's core structure is well implemented as per the white paper, and the risk value, collateral coefficient, oracle, and clearing system are also documented, but the centralization authority and oracle risks pointed out in the audit report must continue to be tracked.