blockchain

Japan Open Chain has launched DeFi-based "JOC Lending"

Norbert Gehrke

Norbert Gehrke

— 3 min read
Japan Open Chain has launched DeFi-based "JOC Lending"

G.U. Technologies Global, which provides web3 solutions such as blockchain infrastructure, including "Japan Open Chain," has launched the DeFi-based "JOC Lending Program". This program allows users to lend their "Japan Open Chain Token" (JOC Coin), the native token of Japan Open Chain, and receive rewards instantly in USDTX tokens, a multi-chain compatible stablecoin pegged 1:1 to the USDT token. The annualized returns range from 15% to over 25%.

About the DeFi-Based "JOC Lending Program"

The program enables users to enter into a consumer loan agreement with G.U. Technologies Global and lend their JOC Coins from their wallets. Once locked via smart contracts, users receive rewards in USDTX based on the lending period and amount.

Since this program operates as a DeFi service, anyone holding JOC Coins in an Ethereum-compatible wallet can participate. The first phase of the program has a maximum acceptance limit of 32,500,000 JOC Coins (equivalent to $100,000 USDTX) and is available through the Japan Open Chain Dashboard.

Key Features of the "JOC Lending Program"

  • Annualized Returns of 15% to Over 25%: Users can choose from three lending plans, each offering different durations and interest rates. In the six-month plan, lenders receive 1 USDTX per 100 JOC Coins, resulting in an annualized return of 15% to over 25%, which is significantly higher than conventional lending services.
  • Instant Reward Payments: Unlike traditional lending services where rewards are paid upon loan maturity, this program allows users to receive the full rewards in USDTX immediately upon lending JOC Coins. This enables greater flexibility in asset management and reinvestment.
  • Rewards Paid in Stablecoins: Instead of receiving interest in the same cryptocurrency, which fluctuates in value, users receive rewards in USDTX, a stablecoin pegged to USDT. This ensures stable asset valuation and predictable returns.
  • Secure and Trustworthy System: Lent JOC Coins are not held by G.U. Technologies Global or third-party custodians but are locked on the Japan Open Chain mainnet and managed automatically via smart contracts. This ensures a secure and transparent lending process.

"Japan Open Chain": A Blockchain Originating from Japan​

Japan Open Chain is a practical, Ethereum-compatible (Layer 1) public blockchain operated by Japanese companies. Together with leading industry giants and Web3 innovators, it aims to provide a secure, high-speed, and low-cost blockchain infrastructure accessible to users worldwide. This project seeks to revolutionize global digital finance by building future financial infrastructure through initiatives like bank-led stablecoin projects and the digitization of assets such as NFTs.

The blockchain is currently operated by 15 validators (blockchain operation partners), including CORGEAR, a Sony Group startup; Dentsu; G.U.Technologies; insprout Corporation; Kudasai; Minna Bank; pixiv; TIS; extra mile, a TV Asahi Group company; Kyoto University of the Arts; Hatena; CAC Corporation; CYBERLINKS; SBINFT and Nethermind. The blockchain is managed in a decentralized manner and is expected to expand to 21 validators in the future.

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