How does JustLend work?

The assets lent to the JustLend pool are represented by jTokens, a digital representation of the original assets. These jTokens are fully interchangeable with the underlying assets, allowing users to seamlessly convert them back to their original form at any time. This feature ensures that users maintain complete control over their funds while enjoying the benefits of the lending pool.

The use of jTokens as collateral for borrowing is a key aspect of the JustLend platform. Borrowers can leverage their jTokens to secure loans of other digital assets, providing them with access to the funds they need without having to sell their holdings. This flexibility promotes capital efficiency and encourages the growth of the cryptocurrency market.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of cryptocurrency enthusiasts. Among its offerings are spot trading, futures trading, and a secure wallet solution. These services enable users to buy, sell, and store digital assets with ease and confidence.

BTCC's spot trading platform provides users with direct access to a wide range of cryptocurrencies, allowing them to execute trades quickly and efficiently. The exchange's robust security measures ensure that users' funds are protected at all times. Additionally, BTCC's wallet solution offers a secure and convenient way to store digital assets, with multiple layers of security in place to prevent unauthorized access.

The JustLend platform offers a unique opportunity for both lenders and borrowers within the cryptocurrency ecosystem. Lenders have the ability to contribute their digital assets to a shared pool, earning interest on their contributions. This system incentivizes participation and encourages the growth of the pool.