JustLend DAO Proposes USD1 Stablecoin Market

According to ChainCatcher, an official announcement states that JustLend DAO has formally initiated a governance proposal to list the fully collateralized USD stablecoin USD1 (TRC20), issued by World Liberty Financial. The proposal will add support for jUSD1 in the smart contract, with an initial collateral factor for USD1 set at 0% and a reserve factor at 10%. A jump rate model will be introduced, where the interest rate will rise to a higher tier once utilization exceeds 80%. When utilization reaches 100%, the annualized supply yield (APY) will hit 72.90%.

This move will significantly expand users’ stablecoin options and enhance platform liquidity. If the proposal passes, users will be able to deposit USD1 to earn high yields or use it as collateral for borrowing, further broadening DeFi financial application scenarios. JustLend DAO will continue to optimize the protocol to provide users with safer and more efficient lending services.