Energy Rental

Note: This documentation is only applicable to the TRON Nile testnet and may not work for the MainNet.

1. What is Energy Rental?

All transactions on JustLend DAO consume Energy, which can only be obtained through staking or burning TRX. This involves high costs as well as lengthy processes.

Therefore, JustLend DAO launches the Energy Rental service, which enables users to rent Energy anytime with a much lower price compared to staking or burning TRX. The rental can be ended anytime as wanted.

2. How to use Energy Rental?

On the “Energy Rental” page, the unit price for renting 10,000 Energy per day is displayed on the left side.

Specify the rental amount and duration on the right side as wanted.

You can specify the rental amount and duration from different dimensions:

For the rental amount, you can specify the number by Energy/Day or TRX.

  • By Energy/Day: Enter the amount of Energy you want to rent. Renting Energy is equivalent to renting staked TRX, which can bring you Energy for using. Therefore, the amount of staked TRX rented to get the Energy will also be displayed on the card.

  • By TRX: Enter the amount of staked TRX you want to rent. The corresponding Energy you will get is also displayed.

For rental calculation, the rent can be calculated based on the rental duration or the asset you want to deposit.

  • By Duration: Enter the rental duration, within which you can use the rented Energy as wanted (Used Energy will recover to the original amount in 24 hours). Your rent will be calculated based on the rental amount and the rental duration.

  • By Asset: Enter the amount of asset you want to deposit. Your estimated duration will be calculated based on the Energy rental amount and the asset you deposit.

Click “Rent Now” and sign in your wallet to rent the Energy. The total payment includes your rent and the security deposit. For more information about how the payment is calculated, see What are the rules for my rent and security deposit calculation?

You can check your remaining rent and duration on the left side.

During your rental, if you find the Energy amount is insufficient or you want to rent for a longer duration, you can click the “Rent More Energy” or “Extend Rental Duration” tab.

3. How to end my rental?

On the left side of “Energy Rental”, click “End Now”.

In the window, you will see the amount of asset to be returned and Energy to be deducted when the rental is ended.

Click “Confirm” and sign in your wallet to end the rental.

Note:

  1. Please remember to manually end your rental on time. Otherwise, the liquidation mechanism will be triggered. All or part of your security deposit will be liquidated and used as rewards for liquidators.

  2. If you end the rental when your used Energy is not recovered, your security deposit will be deducted correspondingly.

FAQ

1. What are the rules for my rent and security deposit calculation?

Rent = Energy rental amount / 10,000 * Unit price for 10,000 Energy per day * Rental duration (by day)

Security deposit = Energy rental amount / 10,000 * Unit price for 10,000 Energy per day + Liquidation fee

Commonly, all of your security deposit will be returned when the rental is ended. However, in the following scenarios, part of your security deposit will be deducted:

  • If you end your rental when the used Energy is not recovered to the original amount, your security deposit will be deducted correspondingly. Security deposit deducted = (Used Energy / Total Energy rented) / 10,000 * Unit price for 10,000 Energy per day * 1/2.

  • If you do not end your rental before expiration, the security deposit will be deducted based on the exceeded duration.

  • If your rental is liquidated due to expiration, the liquidation fee will be deducted from your security deposit.

Therefore, you can get all your security deposit back when you end the rental on time and with all Energy recovered to the original amount.

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