Explained: What JUST (JST) Is

The decentralized finance (DeFi) landscape is witnessing record growth, with new projects springing up every month. With its bid to achieve power for the public at large, DeFi is attracting a steady stream of attention and being used as a foundation for creation by developers and project development teams alike.

An offshoot of the TRON Network, the JUST Network is a robust package of specialized smart contract-based financial products that run on TRON’s blockchain. Alongside other projects, it seeks to grow the thriving TRON ecosystem. This article looks at the JUST Network in detail, including its features, prospects, and more.

What Is JUST?

Founded by Justin Sun, the JUST platform was launched in the third quarter of 2020, its name derived from the first four letters of its founder's name. JUST is a dynamic DeFi platform that provides a range of decentralized financial solutions, namely: JustStable, JustLend, JustSwap, JustLink, and cross-chain tokens. The system is built on the TRON network. It operates via a decentralized stablecoin system comprising USDJ and its governance token, JST.

USDJ, a stablecoin that’s paired with the U.S. dollar and which accepts multiple collaterals, powers the main decentralized financial product of the network, JustStable. JustStable is a borderless stablecoin lending hub from which users can borrow stablecoins. With the growth of yield farming and the introduction of trading opportunities in the crypto space, investors and traders are increasingly looking to get stablecoins without selling their crypto holdings. JustStable offers users access to the liquidity they need.