JustLend DAO to Optimize DeFi by Delisting USDDOLD Market

In a continuous effort to improve efficiency and safety for users, decentralized finance (DeFi) platforms must regularly review and optimize their portfolio of supported markets. Recently, JustLend DAO, one of the leading lending protocols on the TRON blockchain ecosystem, has made such a move by officially announcing it will delist the USDDOLD market.

According to the official announcement, this decision was made to "optimize asset structure and improve market efficiency." Specifically, JustLend DAO will perform two main technical actions:

a) Close Supply and Borrow Functions: The platform will close the asset supply and borrowing functions for the USDDOLD market, preventing any new activity.

b) Adjust Reserve Factor to 100%: A 100% Reserve Factor means that all interest generated by this market will be kept by the protocol's treasury instead of being distributed to users. This is a standard technical step to incentivize users to quickly withdraw their assets from a market that is closing.

1. A Strategy Focused on Efficiency and Safety

The move to delist an underutilized or potentially risky market is seen as a responsible governance action in the DeFi space. By doing this, JustLend DAO can "optimize resource allocation," focusing its liquidity incentive programs and risk monitoring on key markets that have higher demand.

The ultimate goal, according to the statement, is to "provide users with a safer and more efficient DeFi experience." Removing low-liquidity markets helps to minimize the risk of high slippage and other dangers for users, while also making the platform cleaner and easier to navigate for crypto transactions.

2. Recommendation for Users

To ensure a smooth transition process, JustLend DAO has issued a clear recommendation for users who still have assets in the USDDOLD market. The platform recommends that users currently holding the USDDOLD token quickly "redeem or repay assets to avoid any inconvenience when the market is officially delisted."

Overall, JustLend DAO's decision is a strategic step that demonstrates a prioritization of risk management and platform optimization for the long-term benefit of its users. The protocol also affirmed it will "continue to optimize its product structure" to provide better financial services in the future.