Supplies / Withdrawals

Supplies

There are no minimum or maximum supplies imposed.

Withdrawals

Users can withdraw assets as long as:

1. Those funds are not actively being used to borrow and;

2. Withdrawal of those assets would not cause a liquidation on your loans.

Enable the use of assets as collateral

Users have to enable the use of deposited asset as collateral for borrowing. The toggle can be found at the “Deposit” tab under “My Supply”. The Borrow Limit will then automatically adjust based on the amount of collateral made available.

Earning interest

Depositors will receive continuous earnings (interest) on their deposited assets. The earning rates adjust algorithmically for each asset based on their independent market conditions.

The jToken is a representation of user’s asset balance supplied to the JAX protocol. jToken minted will be based on the underlying asset deposited to the protocol (jUSDC, jETH etc). The exchange rate between jTokens to the underlying appreciates as more interest is earned in the market.