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RE: Crypto Academy Week 3 - Homework Post for [@sapwood] JustLend

in SteemitCryptoAcademy4 years ago

Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-3.

I paid an interest of 0.000009% which keep on accumulating and it will trigger liquidation once it reach 100%. The net APY in my case as shown on my account status was 3.77% .

Yes, it keeps on accumulating every 3 seconds. Your Risk Value is 53.16%, which means you have utilized 53% of your borrowing capacity. Please note that your collateral value should be greater than loan amount+accumulated interest at any given time, otherwise the smart contract will trigger liquidation.

Please sir, it seem after repaying my loan my TRX was not complete please how can I get my remaining TRX back to my Tronlink wallet.

For that, you have to unlock the collateral first(just toggle it to NO) and then you can easily withdraw/remove your supplied asset(TRX).

Please note that just by repaying the loan wont unlock and send the TRX to your account, the reason being by supplying TRX you have acquired jTRX tokens. And that you have locked it to take a loan. Once you repaid, you need to unlock it and then you can remove your TRX.

Feedback/Suggestions:-

  • The author has demonstrated "How to Supply/Borrow in JustLend" with a real example-- He has supplied 100 TRX and borrowed 5 USDT. He has included all the screenshots required for this Task.
  • Proper formatting and at least one round of proof-reading is required.

Thank you.


Homework Task -3 accomplished.
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