{"id":1571,"date":"2020-05-08T08:10:20","date_gmt":"2020-05-08T08:10:20","guid":{"rendered":"http:\/\/blog.mathwallet.org\/?p=1571"},"modified":"2021-10-26T09:12:58","modified_gmt":"2021-10-26T09:12:58","slug":"how-to-use-mathwallet-to-create-usdj-cdp","status":"publish","type":"post","link":"https:\/\/blog.mathwallet.org\/?p=1571","title":{"rendered":"How to use MathWallet to create USDJ CDP"},"content":{"rendered":"<p class=\"_tgt transPara\"><strong><span class=\"transSent\" data-group=\"0-0\">First install the MathWallet<\/span><\/strong><\/p>\n<p class=\"_tgt transPara\"><a href=\"http:\/\/mathwallet.org\"><span class=\"transSent\" data-group=\"2-0\">http:\/\/mathwallet.org<\/span><\/a><\/p>\n<p class=\"_tgt transPara\">\n<p class=\"_tgt transPara\"><strong><span class=\"transSent\" data-group=\"5-0\">Then create USDJ CDP<\/span><\/strong><\/p>\n<p class=\"_tgt transPara\"><span class=\"transSent\" data-group=\"7-0\">Switch to the TRON wallet and open the DApp &#8211; Just-USDJ CDP platform<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone \" src=\"http:\/\/mathwallet.oss-cn-hangzhou.aliyuncs.com\/blog\/2020\/5%E6%9C%88\/USDJ_CDP_eng\/USDJ%201.jpg\" width=\"234\" height=\"402\" \/><\/p>\n<p>Click Enter<\/p>\n<p><img loading=\"lazy\" class=\"alignnone \" src=\"http:\/\/mathwallet.oss-cn-hangzhou.aliyuncs.com\/blog\/2020\/5%E6%9C%88\/USDJ_CDP_eng\/USDJ%202.jpg\" width=\"236\" height=\"406\" \/><\/p>\n<p>Click &#8220;Open CDP&#8221;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone \" src=\"http:\/\/mathwallet.oss-cn-hangzhou.aliyuncs.com\/blog\/2020\/5%E6%9C%88\/USDJ_CDP_eng\/USDJ%203.png\" width=\"243\" height=\"432\" \/><\/p>\n<p>Enter the number of collaterized TRX (greater than 100 TRX) and the number of generated USDJ<\/p>\n<p><img loading=\"lazy\" class=\"alignnone \" style=\"outline: #72777c solid 1px; border: 0px; height: 342px; text-align: left; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-size: 17px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; word-spacing: 0px; vertical-align: middle; white-space: normal; max-width: 100%; orphans: 2; -webkit-text-stroke-width: 0px;\" src=\"http:\/\/mathwallet.oss-cn-hangzhou.aliyuncs.com\/blog\/2020\/5%E6%9C%88\/USDJ_CDP_eng\/usdj%204.jpg\" width=\"251\" height=\"438\" \/><\/p>\n<p>Click collaterize and generate USDJ<\/p>\n<p><img loading=\"lazy\" class=\"alignnone \" src=\"http:\/\/mathwallet.oss-cn-hangzhou.aliyuncs.com\/blog\/2020\/5%E6%9C%88\/USDJ_CDP_eng\/usdj%205.jpg\" width=\"265\" height=\"363\" \/><\/p>\n<p>Click \u201cfinish and create CDP\u201d after clicking \u201cI have read and agree to the terms of use\u201d<\/p>\n<p><img loading=\"lazy\" class=\"alignnone \" src=\"http:\/\/mathwallet.oss-cn-hangzhou.aliyuncs.com\/blog\/2020\/5%E6%9C%88\/USDJ_CDP_eng\/usdj%206.jpg\" width=\"260\" height=\"449\" \/><\/p>\n<p>Finish Creation<\/p>\n<p><img loading=\"lazy\" class=\"alignnone \" src=\"http:\/\/mathwallet.oss-cn-hangzhou.aliyuncs.com\/blog\/2020\/5%E6%9C%88\/USDJ_CDP_eng\/usdj7.png\" width=\"265\" height=\"458\" \/><\/p>\n<p><strong><span style=\"color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Noto Serif',serif; font-size: 19px; font-style: normal; word-spacing: 0px; display: inline !important; white-space: normal; orphans: 2; widows: 2; float: none; -webkit-text-stroke-width: 0px; background-color: #ffffff;\">Operation tutorial video\uff1a<\/span><\/strong><\/p>\n<p><iframe title=\"MathTV-15 How to create USDJ CDP in MathWallet\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/C4bn6SnFAvo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p class=\"_tgt transPara\"><strong><span class=\"transSent\" data-group=\"0-0\">Explanation of related terms\uff1a<\/span><\/strong><\/p>\n<p class=\"_tgt transPara\"><span class=\"transSent\" data-group=\"2-0\"><strong>Collateral rate<\/strong>: this is the value ratio of the TRX collateralized in the CDP to the USDJ borrowed.<\/span><\/p>\n<p class=\"_tgt transPara\"><span class=\"transSent\" data-group=\"4-0\"><strong>Minimum ratio<\/strong>: defines the minimum collateral rate at which CDP can be liquidated.<\/span><\/p>\n<p class=\"_tgt transPara\"><span class=\"transSent\" data-group=\"6-0\"><strong>Current price<\/strong>: market price for TRX.<\/span><\/p>\n<p class=\"_tgt transPara\"><b>Settlement<\/b><span class=\"transSent\" data-group=\"8-0\"><b> price<\/b>: the minimum unit price that TRX can achieve before your CDP get <\/span><span class=\"transSent\" data-group=\"8-0\">liquidated. <\/span><span class=\"transSent\" data-group=\"8-1\">Based on the setting of the lowest rate (150%), the system will automatically give the lowest settlement price.<\/span><span class=\"transSent\" data-group=\"8-2\">When the price of TRX in your CDP falls more than the settlement price, your CDP is at risk of being liquidated.<\/span><\/p>\n<p class=\"_tgt transPara\"><span class=\"transSent\" data-group=\"10-0\"><strong>Liquidation penalt<\/strong>y: when CDP is liquidated, a percentage of the penalty is imposed based on the number of <span style=\"display: inline !important; float: none; background-color: #ffffff; color: #333333; cursor: text; font-family: 'Noto Serif',serif; font-size: 17px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">USDJ<\/span> generated. <\/span><span class=\"transSent\" data-group=\"10-1\">Subtract from the TRX collaterized in the CDP.<\/span><\/p>\n<p class=\"_tgt transPara\"><span class=\"transSent\" data-group=\"12-0\"><strong>Stablility fee<\/strong>: this fee is an annualized borrowing rate based on the CDP generated by the USDJ and is paid by the CDP holder upon closing\/repaying the CDP. Priced in <\/span><span class=\"transSent\" data-group=\"12-1\">USDJ, payable in JST token.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First install the MathWallet http:\/\/mathwallet.org Then create USDJ CDP Switch to the TRON wallet and open the DApp &#8211; Just-USDJ CDP platform Click Enter Click &#8220;Open CDP&#8221; Enter the number of collaterized TRX (greater than 100 TRX) and the number of generated USDJ Click collaterize and generate USDJ Click \u201cfinish and create CDP\u201d after clicking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"unlock_protocol_post_locks":""},"categories":[1],"tags":[8,9],"_links":{"self":[{"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=\/wp\/v2\/posts\/1571"}],"collection":[{"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1571"}],"version-history":[{"count":4,"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=\/wp\/v2\/posts\/1571\/revisions"}],"predecessor-version":[{"id":3520,"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=\/wp\/v2\/posts\/1571\/revisions\/3520"}],"wp:attachment":[{"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.mathwallet.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}