Crpto Academy||Homework S2Week3: JustLend For Prof @Sapwood

Different Market Available In Justlend

Well i will be showing with a screenshot these markets first.

As the image depicts the markets avalaible are Trx, Usdt, Btc, Eth, Sun, Jst, Usdj, Wbbt and Win.

The markets that offers the highest supply APY from the different markets available in justlend is Sun with a supply Apy of 16.21%.

While the market that offers the lowest borrow Apy from the markets above is Usdj, with a borrow apy of 0.69%.

Connect Justlend To Tron Wallet

Well i will be using the tronlink pro app to illustrate this. It is quite very simple though.

First launch the app.

Now after launching the app will click on discover then will be taken here👇.

When that happens will should just click on justlend there. When we do will be taken to justlend page and see the various wallet available.

As you can see my wallet has been linked that easy, my tron balance of 30 was still the same here. So that is pretty much it.

Now to be able to supply a token is actual quite simple too.
From the markets available i could choose any token of my choice to supply, but in this instance i will be supplying trx.

To supply trx i just click on the supply button beside trx token and then.

I input the amount of trx i wish to supply, lets say 10trx then i click on supply. I choose safe mood transaction which requires a password which is more secure.

I put password of my wallet then click on done, that was it. It is done.

To Acquire Jtokens

After supplying the token, we will be notified to view it on our tronwallet. In my case below is what i got.

Colaterize And Borrow.

Initially i supplied only 10 trx but i had to resupply 100 trx which icrease my jtokens to👇

Now to collaterize i had to open this button and set my limits.

By so doing i merely set my trons as collateral to be able to borrow.

Now i desire to borrow USDT.

I click on borrow, then put the amount of usdt to borrow, in my case i choose 6 Usdt.

I comfirmed it, and it got added to my wallets.

Account Info

I paid a total of 100trx with a supply apy of about 4.80%

Now if my account risk where to reach a 100% it will liquidate my collaterals.

My net Apy is 3.70% as depicted below.

And my account risk status is at a high 60.84

Repay Borrowed funds

To do this i will go to borrow

When i do i will see the borrowed funds which is Usdt, i will click on it and

So i had to approve.

Then i went to this place

Had to repeat the same process i took while borrowing, so i click on borrow.

This time i won't be borrowing but repaying.so i click on repay. Then i will input the same amount of Usdt i borrowed which is 6, then i will click on repay.

Now how do i know my debts is cleared? well i will go back to my wallet and when i do i notice the balance is now 0.

Now this shows my debt is repaid. And my trons in my wallet reduce from 108 to 45.

To Withdraw Asset

To do this i will just go to supply

Then;

When this pops up i will just input the values i want to withdraw, in my case it is 109 trx then i click on withdraw, then i checked my wallet it changed from 45 to 141

This is how to withdraw, to get my minning rewards i think i will just add this asset to my wallet and that is just it.

Conclusion

This assignment really help me a lot to get understanding on how JustLend which is on tron blockchain works.

Special thanks to prof @sapwood for this class and @crptoacademy for this wonderful opportunity to educate us on blockchain technology and the assignment which assess our understanding of the subject discussed.

Before now i confess i had no idea about this.

N/B : This homework was done using tronlink pro mobile app, and all images used was a screenshot from tronlink pro app and was taken/edited by me