The native altcoin for a decentralized finance (DeFi) ecosystem built on the Tron (TRX) blockchain surged more than 22% in a day amid the launch of new mining rewards.
The governance token for the DeFi platform JUST (JST) is trading around $0.0275 at the time of writing, compared to around $0.0225 a day ago.
The 123rd-ranked crypto asset by market capitalization outperformed the vast majority of the rest of the crypto market, which largely remained sideways on Thursday and Friday.
JUST aims to provide “all-in-one financial solutions” to its users by developing Tron-based DeFi protocols, according to the project website.
The JST price jump materialized when the project’s lending platform, JustLend DAO, thrown out New mining rewards.
The project notes that miners who provide liquidity into JustLend DAO will now earn additional mining rewards denominated in Tron’s USDD stablecoin, in addition to supply interest. The USDD aims to maintain a 1:1 peg to the US dollar.
Despite the price increase in recent days, JST still remains more than 85% below its all-time high of over $0.193, which it reached in April 2021.
The native Tron asset (TRX) also had a positive day on Friday, jumping 3.66%. The 11th-ranked crypto asset by market capitalization is trading at $0.089 at the time of writing.
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source: dailyhodl.com
