Summary
The following is a proposal by the stUSDT.io platform that aims to further empower the JustLend DAO community and potentially enhance the liquidity of JST and TRX on SunSwap V2.
Motivations
The stUSDT.io platform recognizes the great potential of JST and TRX and supports JustLend DAO’s vision of fostering a strong, safe, and sustainable environment for JST and TRX holders. As the JustLend DAO ecosystem continues to develop, it will be beneficial to boost liquidity and enhance the trading experience for the community. To address this, we propose allocating the stUSDT protocol revenue toward JST/TRX liquidity pooling on the SunSwap V2 platform.
More specifically, a part of stUSDT’s protocol revenue is proposed to be allocated for the purchase and pooling of JST and TRX tokens in SunSwap V2’s JST/TRX liquidity pool (LP). The LP tokens will then be deposited into a vault contract (pre-destruction contract) before getting sent to a blackhole address (in the case of dissent, a governance vote will be carried out to determine further details on the destruction).
This proposal represents stUSDT.io and JustLend DAO’s collective effort in taking a step towards building a sustainable ecosystem. Besides its benefit of allowing the stUSDT protocol to utilize its revenue more efficiently, it provides stUSDT.io the opportunity to contribute to the long-term growth and development of JustLend DAO, fostering its resilience and success.
About stUSDT.io
The stUSDT.io platform is a rebase RWA platform that allows users to earn rewards by staking USDT. We are dedicated to narrowing the gap between retail and institutional investors while connecting the crypto realm with the real world. By harnessing the power of smart contracts, stUSDT ensures equitable opportunities for all to invest in real-world assets. To learn more about us, please take a look at our official website: https://stusdt.io/?lang=en-US#/home.
Conclusion
The stUSDT.io platform believes that this proposal is a strategic move that holds various long-lasting benefits. We would love to hear from the JustLend DAO community about the proposal, and invite you to share your thoughts in the comment section and engage in constructive discussions. Together, we hope to unlock the true potential of JST and build a solid foundation for the JustLend DAO community’s continued growth and success.