• ChainwireJustLend DAO has announced the launch of two new features – „Staked TRX“ and „Energy Rental.”
• These new features are aimed at providing users with more flexible and streamlined options while reducing energy rental costs.
• This major upgrade allows users to earn high yields by staking TRX then receiving sTRX tokens, as well as providing them with a cost-effective alternative to obtaining Energy by staking or burning Energy.
ChainwireJustLend DAO Launches New Features
ChainwireJustLend 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 user benefits by putting their assets into active use.
Staked TRX Feature
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 this feature, the platform automatically earns yields for users via (a) voting rewards as it 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.
Energy Rental Feature
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, making the process less complicated and less expensive than before.
TRON Stake 2.0 makes resource and voting management remarkably more flexible than its predecessor, Stake 1.0. JustLend DAO now allows users to earn yields through supplied assets, borrow digital assets against collateral, participate in TRON staking, and rent Energy – making it the first decentralized financial platform based on Tron technology . The launch of these two features is expected to spawn a fully decentralized resource market that further increases user benefits from participating in JustLend DAO’s platform activities .
TronScan statistics show an expansive user base of more than 154 million accounts with a total transfer volume of over $7 trillion USD as of April 18th , 2023 . The launch of these two features takes away user headaches while improving their experience – enabling JustLend DAO with increased efficiency catering towards massive demand from Tron’s users . To sustain healthy growth within its JST ecosystem , JustlEND plans on launching a buyback-and-burn program using its revenue generated from its services .