# Proposal: Add sTRX as Collateral

**URL:** <https://forum.justlend.org/t/proposal-add-strx-as-collateral/144>\
**Category:** Market\
**Tags:** new-market\
**Created:** [May 10, 2023, 2:44am UTC](https://forum.justlend.org/t/proposal-add-strx-as-collateral/144 "2023-05-10T02:44:44Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheCollectorTRX](https://avatars.discourse-cdn.com/v4/letter/t/77aa72/32.png) [@TheCollectorTRX](https://forum.justlend.org/u/TheCollectorTRX)\
**Post date:** [May 10, 2023, 2:44am UTC](https://forum.justlend.org/t/proposal-add-strx-as-collateral/144/1 "2023-05-10T02:44:44Z")

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Summary  
The goal of listing sTRX on JustLend DAO market is to provide the ability to deposit sTRX into JustLend DAO and allow to use it as collateral.

Motivations  
Listing sTRX on JustLend DAO can work to attract a larger audience to both JustLend and Tron. More Tron staked with JustLend would subsequently benefit the decentralization and security of the Tron network, to the benefit of the community as a whole. sTRX would likely bring new borrow demand to JustLend DAO as market participants look to borrow against sTRX. sTRX makes a perfect DeFi collateral and is beneficial to the entire Tron ecosystem.