Summary
As the USDD team prepares to fully upgrade the USDD token, the need to open a brand new USDD V2.0 market on JustLend DAO has become increasingly important. In line with this, we are pleased to announce the upcoming launch of a brand new USDD V2.0 market. The new USDD V2.0 will not only improve overall stability and security, but also provide higher mining APY, allowing users to enjoy higher returns.
Motivations
The USDD V2.0 will provide a more community controlled minting permission. By utilizing smart contracts, the collateral system is transparently managed and fully controlled by users. This decentralized approach ensures that no central authority can intervene in the minting process, empowering users to retain their crypto assets while utilizing stablecoins for investments and transactions. The autonomy granted to users will align with the decentralized vision of JustLend.
Meanwhile, USDD 2.0 brings a series of optimizations in terms of collateral types and parameters. These improvements will address diverse community needs and enhance the overall user experience. The changes aim to provide more flexibility and security, creating a robust and user-friendly system that can support the growing demands of the ecosystem.
USDD 2.0 is an over-collateralized stablecoin designed to minimize risks associated with crypto market volatility. To maintain price stability, USDD 2.0 incorporates various mechanisms, such as varying collateralization rate vaults and the Peg Stability Module (PSM). These upgrades ensure that the USDD stablecoin remains reliable and secure, even in periods of market fluctuations.
Conclusion
We are committed to ensuring that JustLend DAO remains at the forefront of innovation while safeguarding user security and trust. Integrating the USDD V2.0 market into the JustLend platform is a strategic decision that will strengthen the platform’s stability, enhance decentralization, and improve user experience. By supporting USDD V2.0 market, JustLend will be well-positioned to offer a more secure and decentralized lending experience, meeting the evolving needs of its users and the wider community. For more detailed information, please keep an eye on our official website announcements and upcoming proposals.
Thanks for your support!
The JustLend DAO Team