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JOJO Exchange
@jojo-exchange
What is $jUSD? JOJO has a credit issuance system similar to $DAI, where you can borrow out JUSD by over-collateralizing assets such as $ETH. And JUSD is considered to have equal value to $USDC within JOJO's perpetual contract trading system.
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JOJO Exchange
@jojo-exchange
Although you trade using JUSD, profits and losses are still settled in USDC. - If you make money, you can withdraw it in USDC. - If you lose money, your JUSD will be locked until you repay the debt with USDC.
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