JUST DAO Adjusts USDJ Collateral Rate to 0% on JustLend Platform

JUST DAO's adjustment to USDJ's collateralization and reserve ratios aims to stabilize the platform, with lending functions paused as of June 29, 2025.

JST

Summary

JUST DAO announced a reduction of the collateralization rate for USDJ on the JustLend platform from 75% to 0%, effective June 29, 2025. The reserve ratio will also change from 5% to 100%, with supply and lending functions for USDJ currently suspended. This decision is part of a risk management strategy initiated on May 16, 2025, to facilitate an orderly market exit.

Terms & Concepts
  • USDJ: A stablecoin issued on the JustLend platform, pegged to the US dollar.
  • JustLend: A decentralized lending platform that allows users to lend and borrow cryptocurrency.
  • Sunset Plan: A strategy implemented to gradually phase out a product or service, in this case, USDJ.