JustLend DAO Snapshot

JustLend DAO’s lending market is carrying billions of dollars on TRON, with roughly $3.79 billion supplied and $214.66 million borrowed on the protocol’s market page. (app.justlend.org) The same page listed 27,118 suppliers, 3,162 borrowers, and 41,307 USDD in daily mining rewards when checked on April 22, 2026. (app.justlend.org) A lending protocol works like a shared pool: users deposit tokens, receive jTokens that can be redeemed later, and borrowers take out over-collateralized loans against those deposits. JustLend says supply and borrow rates update in real time as assets are supplied, borrowed, repaid, or withdrawn. (docs.justlend.org) The biggest pools on the market page were concentrated in TRON-linked assets and majors, including about $1.13 billion in Ethereum, $764.26 million in staked TRX, $715.99 million in TRX, $503.77 million in Bitcoin, and $351.72 million in USDD. (app.justlend.org) Independent trackers show smaller headline totals than the app. DefiLlama listed JustLend at about $3.581 billion in total value locked and $179.94 million in active loans on April 22, 2026, using its own methodology for assets held in smart contracts. (defillama.com) That gap reflects a common problem in decentralized finance data: protocol dashboards, analytics sites, and market watchers often count different things, especially bridged assets, staking wrappers, and incentive programs. DefiLlama says its total value locked figure measures coins held in the protocol’s smart contracts, while JustLend’s own interface breaks out supply, borrow, and reward data by market. (defillama.com) (app.justlend.org) JustLend’s reward engine is still active in the USDD market. A support notice published about three weeks ago said users supplying USDD V2.0 would receive extra mining rewards on top of supply interest, with the annualized yield targeted around 4.75% and adjusted daily based on net total value locked. (support.justlend.org) The protocol’s documentation says those mining programs are funded by GrantsDAO, a JustLend subDAO, rather than by borrower interest alone. That means part of the activity showing up on the dashboard is being supported by explicit incentive spending. (docs.justlend.org) Revenue is much smaller than the asset pile. DefiLlama estimated annualized fees at $7.24 million, annualized revenue at about $502,799, and quarterly gross protocol revenue at $405,750 so far in Q2 2026. (defillama.com) The snapshot, then, is less about a single trading spike than about where capital is sitting: a large lending pool, relatively modest loan balances against supply, and a reward program still paying users to keep funds parked there. (app.justlend.org) (defillama.com)