# Proposal: Add xStocks SPYx and QQQx, or XAUT, as Supported Markets on JustLend DAO **URL:** \ **Category:** Market\ **Created:** [June 25, 2026, 6:48am UTC](https://forum.justlend.org/t/proposal-add-xstocks-spyx-and-qqqx-or-xaut-as-supported-markets-on-justlend-dao/832 "2026-06-25T06:48:56Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![stevex](https://avatars.discourse-cdn.com/v4/letter/s/c4cdca/32.png) [@stevex](https://forum.justlend.org/u/stevex)\ **Post date:** [June 25, 2026, 6:48am UTC](https://forum.justlend.org/t/proposal-add-xstocks-spyx-and-qqqx-or-xaut-as-supported-markets-on-justlend-dao/832/1 "2026-06-25T06:48:56Z")
## Summary This proposal recommends that JustLend DAO evaluate and consider adding support for selected real-world asset tokens, specifically **SPYx** , **QQQx** , and/or **XAU₮** , as new lending markets on JustLend DAO. The initial recommendation is to begin with a risk-reviewed pilot listing for one or more of the following assets: - **SPYx** — tokenized exposure to the S&P 500 ETF market - **QQQx** — tokenized exposure to the Nasdaq 100 ETF market - **XAU₮** — tokenized gold backed by physical gold Adding these assets could help JustLend DAO expand beyond traditional crypto-native collateral, attract new users interested in real-world assets, increase total value locked, and strengthen JustLend DAO’s position as a leading DeFi money market on TRON. ## Motivation Real-world asset tokenization is becoming one of the most important growth areas in DeFi. Tokenized ETFs and tokenized gold give users on-chain access to assets that are widely recognized outside crypto markets. JustLend DAO currently has an opportunity to become one of the first major TRON-based lending markets to support high-demand tokenized real-world assets. Listing SPYx, QQQx, and/or XAU₮ could provide new utility for users who want to: 1. Supply tokenized real-world assets to earn lending yield. 2. Borrow against tokenized ETF or gold exposure. 3. Diversify collateral options beyond crypto-native assets. 4. Bring more real-world asset liquidity into the TRON DeFi ecosystem. 5. Increase JustLend DAO’s market visibility among both DeFi and RWA users. A careful, risk-controlled listing would allow JustLend DAO to test demand while protecting the protocol from unnecessary market, liquidity, oracle, and regulatory risks. ## Proposed Assets ### Option A: SPYx SPYx is a tokenized ETF product designed to provide on-chain exposure to the S&P 500 ETF market. This asset may appeal to users who want broad U.S. equity exposure while remaining inside DeFi. Potential benefits: - Broad market exposure - Strong brand recognition among traditional investors - Potential demand from users seeking diversified collateral - Opportunity to connect TRON DeFi with tokenized equity markets ### Option B: QQQx QQQx is a tokenized ETF product designed to provide on-chain exposure to the Nasdaq 100 ETF market. This asset may appeal to users interested in technology and growth-equity exposure. Potential benefits: - High user familiarity with Nasdaq-related products - Strong interest from global retail and crypto users - Potential borrowing demand from users holding tokenized equity exposure - Adds another real-world asset category to JustLend DAO ### Option C: XAU₮ XAU₮ is Tether Gold, a token backed by physical gold. It may be a suitable RWA candidate because gold is widely used as a store-of-value asset and has different risk characteristics from equities and crypto assets. Potential benefits: - Gold-backed collateral option - Potentially lower correlation to crypto assets - Strong fit for users seeking conservative collateral - May attract institutional and long-term holders ## Benefits for JustLend DAO Adding SPYx, QQQx, or XAU₮ could benefit JustLend DAO in several ways: 1. **Increase TVL** New RWA markets may attract additional deposits from users who already hold tokenized equities or tokenized gold. 2. **Expand User Base** These assets could bring in users who are interested in traditional markets but want to access lending and borrowing through DeFi. 3. **Improve Capital Efficiency** Holders of SPYx, QQQx, or XAU₮ could use their assets as collateral instead of leaving them idle. 4. **Strengthen TRON’s RWA Ecosystem** A successful RWA listing would support TRON’s broader DeFi growth and position JustLend DAO as an early mover in tokenized real-world assets. 5. **Diversify Protocol Markets** Adding non-crypto-native assets may help diversify the collateral base and reduce reliance on purely crypto market demand.