Hello, what's collateral? @officialjustlend

Collateral is an asset or property that one party uses to secure a loan from another party. Collateral is typically used to secure a loan from a bank or other financial institution. Collateral helps to reduce the risk of the lender, as the lender can repossess the collateral if the borrower defaults on the loan. Collateral can include cash, stocks, bonds, real estate, or other valuable assets. In the case of cryptocurrency, collateral can take the form of a cryptocurrency such as Bitcoin, Ethereum, or TRON, which can be used to secure a loan from a lending platform. On the Tron network, users can use JustLend to borrow against their cryptocurrency. JustLend allows users to borrow against their TRX supply, and use their crypto as collateral for a loan. To do this, users must first create a TRON wallet, deposit TRX into their wallet, and then freeze their TRX to get bandwidth or energy. They can then vote for their favorite SRs and receive TRX rewards on a daily basis, and supply and earn on JustLend.org.

You turn it on to borrow against your supply

🥇 GOLDEN RULE: Admins/Mods WON'T PM you first. ↘️Check this to know more about TRON https://tronwiki.com ↘️Check this for the latest JUST news instantly https://twitter.com/DeFi_JUST 👣 And follow this steps to buy and earn $JST: 1. JST is listed on almost every large exchange (send #exchanges to see a list). 2. Create a TRON wallet, for example with https://Tronlink.org. 3. Deposit TRX into your new wallet. 4. Freeze your TRX to get bandwidth or energy (send #gas to know more). 5. Vote for your favorite SRs and receive TRX rewards on a daily basis. 6. Supply and earn on JustLend.org. Quick Start: https://justlendorg.zendesk.com/hc/en-us/categories/360004807431-How-to-start- In-depth guide: https://steemit.com/hive-108451/@sapwood/steemit-crypto-academy-or-season-2-week3-justlend Youtube Tutorial: https://www.youtube.com/watch?v=28SGMVhPLUY

#basics