JUST DAO: USDJ market collateralization rate will be adjusted from 75% to 0% to implement an orderly transition

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On June 29, JUST DAO announced that the collateral rate of the USDJ market on JustLend platform will be adjusted from 75% to 0%, and the reserve rate will be adjusted from 5% to 100%, effective around 23:59 on June 29, 2025.

To reduce risks and ensure platform stability, the supply and lending functions of USDJ have been suspended. Market parameters are being adjusted to gradually exit the market.

Previously, JUST DAO announced that to better respond to the development trend of the stablecoin market, the Juststable team will launch an orderly transition plan (Sunset Plan) for USDJ starting from May 16, 2025.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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