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RE: Crypto Academy Week 11- Homework post for Professor @sapwood on JustLend
Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-3.
Once you have successfully supplied an asset to JustLend market, jTokens will be sent to your connected wallet on the corresponding asset supplied. After supplying 100TRX to JustLend market, I got a notification from TronLink that I have received 9996.832 jTRX as shown in the picture below.
That's correct.
Actually, you mint jTokens by supplying an asset. Further, when you collateralize to borrow an asset, the smart contract actually collateralizes your jTokens.
Feedback/Suggestions:-
- The author has demonstrated with a real example-- he has supplied 100 TRX to the Supply Pool to earn supply APY and borrowed 1 USDT. The net APY is 4.37%.
- The author has included all the relevant screenshots and produced a complete loop of Supply/Collateralize/Borrow/Repay/Unlock in JustLend.
Thank you.
Homework Task -3 accomplished.
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