JUST

Key Technical Advantages:

Collateralized Debt Positions (CDPs): USDJ is generated by pledging TRX as collateral to create a CDP in the JUST system. Users can exchange TRX for PTRX, which is currently the only accepted collateral asset, and deposit it into the CDP to generate USDJ. The collateral asset is locked and not available for redemption until the debt is repaid with USDJ and a stability fee paid with JUST platform token, JST. Price Stability Mechanism: USDJ is pegged 1:1 with the US Dollar and uses a Target Rate Feedback Mechanism (TRFM) to maintain its price stability. When the market price of USDJ deviates from the Target Price, the Target Rate changes, influencing the demand and supply of USDJ to bring its market price back towards the Target Price. Global Settlement Mechanism: In the event of significant price deviation or system risks, global settlers can trigger a Global Settlement Mechanism. This process involves freezing the Price Feed, processing claims by auctioning debt and collateral assets, and allowing USDJ and CDP holders to exchange their assets for TRX based on the Target Price of USDJ. Risk Management System: The USDJ stablecoin system includes comprehensive risk management, regulated by JST holders. This involves modification of sensitivity parameters, target rates, selection of trusted Oracles, price feed sensitivity changes, setting up global setters, and establishing risk-control parameters such as debt ceiling, liquidation ratio, stability fee, and penalty ratio. JUST System Governance: Governance of the JUST system is conducted by JST holders, who can vote and select among smart contracts that modify system parameters. Proposals can take the form of Single Action Proposal Contracts or Delegating Proposal Contracts. Any TRON account can submit suggestions for improving the system by deploying valid smart contracts. Content summarized by AI chatbot

Source:

https://www.just.network/docs/white_paper_en.pdf