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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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JUST DAO: The collateralization ratio of the USDJ market will be adjusted from 75% to 0% to execute an orderly transition.
BlockBeats news, on June 29, JUST DAO announced that the collateralization ratio of the JustLend platform's USDJ market will be adjusted from 75% to 0%, and the reserve ratio will be adjusted from 5% to 100%, effective around June 29, 2025, at 23:59. In order to drop risks and ensure platform stability, the supply and lending functions of USDJ have been suspended. Market parameters are being adjusted to gradually exit the market. Previously, JUST DAO announced that to better respond to the development trend of the stablecoin market, the Juststable team will launch an orderly transition plan (Sunset Plan) for USDJ starting from May 16, 2025.