Hello, On the account status page, what please is ... @officialjustlend

Asked 1120 days ago
Viewed 89 times
0

Hello, On the account status page, what please is the utility of *Collateral* ?

asked 1120 days ago

3 Answers

Collateral is the security that is used to secure a loan. In the case of the TRON network, collateral is provided in the form of TRX tokens. When a user provides collateral, they are essentially creating a loan agreement between themselves and the lending platform. This agreement states that the user must pay back the loan, plus interest, in a certain amount of time. If the user fails to repay the loan, the collateral will be used to cover the debt. This helps to protect the lender from any potential losses due to defaulting on the loan. Additionally, collateral can also be used to increase the lending limit for a user, allowing them to borrow more than they otherwise would be able to.
answered 1120 days ago
0
You want to borrow against your supply
answered 1120 days ago
0
#basics
answered 1120 days ago
0
🥇 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
answered 1120 days ago

Subscribe to our newsletter

* indicates required

Thank you for subscribing!