JustLend DAO, a decentralized finance (DeFi) platform, has launched new features that allow users to stake their TRX coins and rent energy resources. The staked TRX feature enables users to earn passive income by locking up their TRX in the platform’s smart contract, while the energy rental feature allows users to rent excess energy resources from other users within the network. These new features are aimed at providing users with more opportunities to earn while utilizing renewable energy resources. JustLend DAO believes that these features will attract more users to its platform and drive adoption of renewable energy in the DeFi space.
JustLend DAO Launches Staked TRX and Energy Rental Features for More User Benefits
Singapore-based decentralized financial platform JustLend DAO recently released two new features – “Staked TRX” and “Energy Rental” – to expand its offerings and bring users more benefits. This move aims to provide users with more flexible and streamlined options while reducing energy rental costs.
With the launch of the new “Staked TRX” feature, users can earn high yields by staking TRX, which will then be converted into sTRX tokens. With this feature, the platform automatically earns yields for users via voting rewards and renting out the Energy obtained through staking. This results in higher yields and a simpler staking process.
The “Energy Rental” feature provides a more cost-effective alternative to obtaining Energy by staking or burning Energy, where users can rent Energy or end their rental at any time. This new process is less complicated and less expensive.
JustLend DAO is committed to developing TRON-based DeFi protocols and providing all-in-one financial solutions to its users. The platform provides a forum for its users to participate in governance and directives, while empowering its users with decentralized authority, trustless transactions, smart-contract automation, and security with transparent accountability.
JustLend DAO plans to launch a JST buyback-and-burn program with its revenue to facilitate sustained, healthy growth of the JST ecosystem. Tokens in the JustLend DAO markets (TRX, BTT, JST, NFT, USDT, TUSD, USDD) are granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica. JustLend DAO exists to provide stable and convenient financial lending services for all users.
With the launch of Staked TRX and Energy Rental, JustLend DAO further demonstrates the power of the TRON blockchain in empowering decentralized commerce and community for every person on the planet. 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 these features frees TRON users from their headaches and elevates their user experience.
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 champions these solutions as well as any others that emerge as the TRON ecosystem expands into a fully decentralized resource market.
In summary, JustLend DAO’s release of the new “Staked TRX” and “Energy Rental” features is a major upgrade that expands the capabilities of the platform to multiply users’ benefits by putting their assets into active use while maintaining its commitment to providing stable and convenient financial lending services for all users.