Just DAO, a popular decentralized lending entity, has announced an exclusive advancement. Particularly, to back the sustainable expansion of its ecosystem, the platform is modifying the Supply Mining Reward APY of $USDD to 8%. As per the platform’s official social media announcement, the update endeavors to maintain balanced incentives apart from guaranteeing ecosystem stability. Hence, the move is set to boost the ecosystem engagement and wider onboarding.
JustLend DAO Elevates $USDD Supply Mining Rewards to 8% APY to Support Tier 3 Suppliers
In its new move, JustLend DAO is adjusting $USDD’s Supply Mining Rewards APY to 8%. The platform is reportedly implementing this change on the 26th of November. As a result of this, JustLend DAO attempts to benefit the Tier 3 $USDD suppliers. Thus, these suppliers will get a cumulative annual percentage yield (APY) of nearly 8% for $USDD. This takes into account a six percent base APY recompensed in the form of $USDD, along with a two percent incentive in the form of $TRX.
Driving Sustainable DeFi Growth Strategy
According to JustLend DAO, the adjustment of $USDD’s Supply Mining Reward APY to 8% will include the splitting of rewards across a couple of assets. This will reportedly reinforce transparency and consistency. Instead of aggressive provisional yield increases, this modification focuses on risk management and sustainable growth. Keeping this in view, JustLend DAO is positioning itself as a protocol prioritizing durable expansion instead of short-lived yield surges.
Source: https://blockchainreporter.net/justlend-dao-modifies-usdds-supply-mining-reward-apy-to-8/
