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Don't remind me again today

DaoDeveloper

2025-11-19 08:23:56

Yesterday, a certain pro in the community posted an announcement about the USDJ refund, and Twitter instantly exploded—with various interpretations flying everywhere. I specifically took the time to dig through the official announcement and related information, and found that the truth is actually not that dramatic.

This matter was not a sudden attack at all. The entire exit process took more than half a year, and the timeline was particularly long, giving token holders enough buffer time.

Let's start with the beginning. Back on May 16 of this year, the "Sunset Plan" was quietly launched. The deadline set was August 31. On June 3, the JUST DAO official released a formal announcement, laying out the roadmap: JustLend DAO stopped issuing USDJ interest, the eligibility for collateral was canceled, and the CDP function will be shut down before the end of August.

In August, something interesting happened - the official actively pushed the deadline back to September 30. What does this operation indicate? The team is indeed listening to the voices of the community and knows that everyone needs more time to transfer their assets.

The final chapter takes place on November 17th (Singapore time). The USDJ system officially halted and transitioned to a fixed exchange rate model: 1 USDJ is locked to exchange for 1.5532 TRX. Thus, this "orderly withdrawal" that lasted for half a year comes to an end.

So, rather than saying this is a sudden event, it would be more accurate to say it's a curtain call that was long anticipated. The key timelines are all laid out, and the officials have indeed provided...... (The original text seems incomplete here; based on "official provisions," it can be inferred that there may be further explanations regarding compensation or migration plans.)

TRX-2.65%

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SolidityStruggler

· 11-19 08:53

Sigh, I saw this coming a long time ago, this is just a planned exit. Really, those people on Twitter love to shout and scream, but the officials have already given enough time. The Sunset Plan has been pumped for half a year, and they even voluntarily extended it, so there are no sudden events at all. The key is the exchange rate of 1.5532 TRX, which is actually not bad? At least it’s not a complete wipeout, right? Speaking of which, the operations of JUST DAO do listen to the community, unlike some projects that randomly do a Rug Pull. Wait, what about those who didn't keep up, what's their situation now, can their assets still be exchanged? I'm a bit curious about what the holders who stuck it out until the end are thinking. Forget it, it’s still that old saying, the crypto world tests reaction speed; if you’re slow, you’re just a sucker.

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WhaleStalker

· 11-19 08:49

I've long seen that this thing was doomed, just didn't expect it to drag on like this. There were signals six months ago, yet some people were still caught off guard; how little they must be following. The official delay was actually quite considerate, providing a buffer because they didn't want to mess it up. Those who closed all positions early must be laughing now. The USDJ situation is a textbook example of "orderly withdrawal", a hundred times better than some projects. How can there still be people saying they were played people for suckers? The information is all right there. The exchange rate of 1.5532 feels a bit grim; those who ran early made a profit. The most feared thing about this kind of situation is the unexpected, but luckily it wasn't.

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PonziWhisperer

· 11-19 08:49

I've seen through it long ago, the same tricks It's another premeditated Be Played for Suckers show What is this USDJ, who believes it? The details are all in the timeline, but unfortunately most people haven't looked at all The officials deliberately dragged it out for half a year, giving you time to react? Wake up Where does this 1.5532 Exchange Rate come from, has anyone calculated it? But I have to say, it's more conscientious than some projects that just do a Rug Pull... This is Web3, even orderly exit needs to be guarded against

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UnruggableChad

· 11-19 08:49

This wave of operations is indeed a textbook-level orderly exit. --- You’ve been warned long ago, and you still blame the officials? Isn’t this called transparency? --- I said it, real pros retreat in such an orderly manner, unlike some projects that just vanish without a trace. --- Started laying the groundwork back in May, everyone has a timetable, who else can you blame? --- Listening to the community's voice might delay things, but at least the attitude is good, much more honest than some who just hold on. --- A clearance with a buffer period isn’t really a risk, the key is that they didn’t kill and loot in advance. --- Looking at the timeline, there’s really no rush, the problem is that coin holders are too easily scared by Twitter articles. --- The six-month preparation period has been long enough, is it truly considerate or just helpless, anyway the outcome is the same. --- Where does the fixed exchange rate of 1.5532 come from? Is this exchange ratio fair? --- Saying it’s an orderly retreat, it’s actually just releasing bad news in batches, they play psychology very well.

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SlowLearnerWang

· 11-19 08:42

It's this kind of thing again, I can't believe I'm only seeing it now... it's really unbelievable.

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CoffeeNFTrader

· 11-19 08:35

That operation is indeed quite conscience, a six-month buffer period is not short. Last night I watched the official announcement again, and I didn't expect it to really go step by step. It turns out those people really gave a chance to escape, it's not a rogue style exit. Why is this Exchange Rate so heartbreaking, at a ratio of 1.5532... JUST's official team didn't play tricks this time, they seriously listened to the community. Let me ask, why are so many people still caught off guard, with information so publicly available? Here we go again, the standard crypto world rhythm, rumors flying everywhere. Now I can finally close my eyes, it's a hundred times better than a sudden crash. To put it bluntly, it's a planned get out of positions, not a drop from the sky. After pumping for half a year, there are still people pretending to be deaf and mute, that's a bit ridiculous.

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AirdropHunterXM

· 11-19 08:32

You announced it six months ago, why are you still surprised? Those who knew about this matter early on have already left, while those who were late to realize it will have to suffer some losses this time. The team’s delay in the date is actually okay, at least it’s not as bad as some other projects. To be honest, the way USDJ met its end is still somewhat respectable; compared to some coins that just vanished without a trace, it’s nothing. It seems we need to keep our eyes wide open; we have to pay more attention to official announcements. The Exchange Rate lock is a bit stingy, it feels like a loss. The official cares about the community's voice, and this is all they do, haha. However, in the long run, it actually tells us something: don’t go all in on any stablecoin, really. The key point is why these pros don’t just say it clearly; they wait until the community is in an uproar before explaining. Is there a more transparent way to handle this? I haven’t seen one. This staged exit strategy will become more and more common in the future, we need to get used to it. Thinking back to LUNA, it was truly a nightmare; this time it feels like we are in a civilized society.

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