Robert Novak
17.02.2026
TRXS and TRX Vaults Launch Special Campaign (Phase 11): What You Need to Know
JustLend DAO continues its series of marketing initiatives aimed at boosting user participation across the TRON ecosystem. Phase 11 of the special sTRX and TRX Vaults campaign kicked off on February 15 and will run through March 15.
Such campaigns traditionally impact liquidity within the ecosystem. TRON has shown resilience amid broader crypto market volatility — since the start of the year, TRX has experienced a smaller drawdown than Bitcoin. According to the latest data, the JustLend DAO protocol has surpassed $6.71 billion in total value locked (TVL), while the amount of TRX staked via the sTRX mechanism has reached billions of tokens.
Such campaigns traditionally impact liquidity within the ecosystem. TRON has shown resilience amid broader crypto market volatility — since the start of the year, TRX has experienced a smaller drawdown than Bitcoin. According to the latest data, the JustLend DAO protocol has surpassed $6.71 billion in total value locked (TVL), while the amount of TRX staked via the sTRX mechanism has reached billions of tokens.
Strengthening the Trend
Phase 11 of sTRX and TRX Vaults has triggered a typical TRON DeFi cycle: a surge in TVL (historically 10–20%), increased minting of USDD, and peak demand for Energy.
Phase 11 reinforces this momentum, making TRX → sTRX → USDD strategies attractive for the coming month.
As is standard in DeFi campaigns, detailed terms are published at or shortly after launch. This approach creates FOMO, limits arbitrage opportunities, and keeps participants engaged. Exact limits, daily APYs, and campaign quests are expected to be announced via @USDDio, @defi_just, or on app.justlend.org in the coming days. Still, the core mechanics are already clear.
Phase 11 reinforces this momentum, making TRX → sTRX → USDD strategies attractive for the coming month.
As is standard in DeFi campaigns, detailed terms are published at or shortly after launch. This approach creates FOMO, limits arbitrage opportunities, and keeps participants engaged. Exact limits, daily APYs, and campaign quests are expected to be announced via @USDDio, @defi_just, or on app.justlend.org in the coming days. Still, the core mechanics are already clear.
Phase 11: What We Know So Far
Important note: At the time of writing, the full official terms of the Phase 11 sTRX and TRX Vaults campaign have not yet been published. JustLend DAO regularly runs similar initiatives — for example, Phase 14 of the USDD 2.0 Supply Mining program is currently underway (January–February 2026), offering yields of around 6% (5% in USDD and 1% in TRX). These campaigns may overlap in timing but differ in mechanics and reward structures.
Typical Participation Mechanics
TRX staking: Users receive sTRX by staking TRX through the JustLend DAO interface.
Using Vaults: Minting USDD with TRX or sTRX as collateral.
Position holding requirement: Participants are often required to maintain their position for a minimum period (e.g., seven days) to qualify for full rewards.
Typical Incentives
Gas fee subsidies: For example, the first N users may receive JST rebates on transaction fees.
Reduced stability fees: In past campaigns, stability fees across all Vault types were lowered to 0.5%.
Educational rewards: Bonuses for completing quizzes and tasks via partner platforms such as TaskOn.
Boosted APY: Additional rewards on top of the base yield.
Typical Participation Mechanics
TRX staking: Users receive sTRX by staking TRX through the JustLend DAO interface.
Using Vaults: Minting USDD with TRX or sTRX as collateral.
Position holding requirement: Participants are often required to maintain their position for a minimum period (e.g., seven days) to qualify for full rewards.
Typical Incentives
Gas fee subsidies: For example, the first N users may receive JST rebates on transaction fees.
Reduced stability fees: In past campaigns, stability fees across all Vault types were lowered to 0.5%.
Educational rewards: Bonuses for completing quizzes and tasks via partner platforms such as TaskOn.
Boosted APY: Additional rewards on top of the base yield.
sTRX is a liquid staking token issued by JustLend DAO. When users stake TRX through the platform, they receive sTRX as proof of their position.
sTRX holders earn rewards from two sources: voting rewards from participating in TRON governance and yield generated from Energy leasing. Unlike traditional staking, sTRX remains composable — it can be used across other DeFi protocols as collateral, traded, or deployed to mint USDD.
TRX Vaults are a USDD mechanism that allows users to mint the stablecoin by locking TRX or sTRX as on-chain collateral. There are several Vault types (TRX-A, TRX-B, TRX-C), each with different collateralization ratios and fee parameters.
Using sTRX as Vault collateral creates a layered strategy: users continue earning staking yield on their collateral while deploying minted USDD into additional strategies. According to some estimates, total APY under this approach can reach 13–20%.
sTRX holders earn rewards from two sources: voting rewards from participating in TRON governance and yield generated from Energy leasing. Unlike traditional staking, sTRX remains composable — it can be used across other DeFi protocols as collateral, traded, or deployed to mint USDD.
TRX Vaults are a USDD mechanism that allows users to mint the stablecoin by locking TRX or sTRX as on-chain collateral. There are several Vault types (TRX-A, TRX-B, TRX-C), each with different collateralization ratios and fee parameters.
Using sTRX as Vault collateral creates a layered strategy: users continue earning staking yield on their collateral while deploying minted USDD into additional strategies. According to some estimates, total APY under this approach can reach 13–20%.
What to Expect in the First 7 Days
Campaigns like Phase 11 typically follow a familiar pattern observed in previous phases (XI–XIV):
Liquidity growth. Deposits in USDD pools may double due to boosted APY (up to 12% during “Double Rewards Week”). On-chain data often shows a 15–30% increase in sTRX transactions.
Yield peak. Base sTRX APY (~6%) + reduced stability fees (around 0.5%) + an additional 5,000 USDD rewards pool. The “stake → mint → restake” loop can generate a combined 13–20% yield.
Energy squeeze. Minting and rebalancing activity consume significant network resources. Energy rental rates may rise by 20–50%, and transaction delays during peak hours become common.
Behavioral pattern. Days 1–3: influx of new participants. Days 4–10: active yield farming. After March 15: 30–50% of short-term “farmers” typically exit positions.
Liquidity growth. Deposits in USDD pools may double due to boosted APY (up to 12% during “Double Rewards Week”). On-chain data often shows a 15–30% increase in sTRX transactions.
Yield peak. Base sTRX APY (~6%) + reduced stability fees (around 0.5%) + an additional 5,000 USDD rewards pool. The “stake → mint → restake” loop can generate a combined 13–20% yield.
Energy squeeze. Minting and rebalancing activity consume significant network resources. Energy rental rates may rise by 20–50%, and transaction delays during peak hours become common.
Behavioral pattern. Days 1–3: influx of new participants. Days 4–10: active yield farming. After March 15: 30–50% of short-term “farmers” typically exit positions.
Keeply Tips: Campaign Preparation Checklist
1. Factor sTRX Mechanics into Your Real Yield Calculations
The value of sTRX relative to TRX gradually increases as rewards accrue. When evaluating APY, clarify whether the yield is quoted in sTRX terms or in fiat equivalent — and whether it accounts for TRX price volatility. In practice, double-digit APYs can be offset by movements in the underlying asset.
2. Monitor Network Load During Peak Campaign Days
The start and end of promotional periods — as well as reward distribution days — typically see heightened transaction activity. If you plan to execute transactions on TRON without sufficient accumulated Energy, consider scheduling them outside peak windows.
3. Don’t Overlook Transaction Costs
Every campaign action — staking, minting, claiming rewards — consumes Energy or Bandwidth. For smaller positions, transaction costs can significantly reduce net returns. Calculate in advance: how many transactions will be required, what their Energy cost will be, and whether participation is economically justified at your capital level.
4. Diversify Your Exit Strategy
If you’re participating for short-term yield farming, plan your exit strategy ahead of time. After promotional periods end, reward tokens such as JST often face selling pressure, and APYs typically normalize. Consider scaling out gradually rather than waiting for the final campaign day, when many participants exit simultaneously.
Keeply is a reliable Energy provider designed to help users reduce transaction fees on the TRON network. Users can typically save between 40–75% compared to standard network fees. Visit the bot for a personalized calculation and tailored terms, and follow the Telegram channel for updates.
Disclaimer: This material is provided for informational purposes only and does not constitute financial advice, investment advice, or a solicitation to take action. Participation in DeFi protocols involves significant risk.
The value of sTRX relative to TRX gradually increases as rewards accrue. When evaluating APY, clarify whether the yield is quoted in sTRX terms or in fiat equivalent — and whether it accounts for TRX price volatility. In practice, double-digit APYs can be offset by movements in the underlying asset.
2. Monitor Network Load During Peak Campaign Days
The start and end of promotional periods — as well as reward distribution days — typically see heightened transaction activity. If you plan to execute transactions on TRON without sufficient accumulated Energy, consider scheduling them outside peak windows.
3. Don’t Overlook Transaction Costs
Every campaign action — staking, minting, claiming rewards — consumes Energy or Bandwidth. For smaller positions, transaction costs can significantly reduce net returns. Calculate in advance: how many transactions will be required, what their Energy cost will be, and whether participation is economically justified at your capital level.
4. Diversify Your Exit Strategy
If you’re participating for short-term yield farming, plan your exit strategy ahead of time. After promotional periods end, reward tokens such as JST often face selling pressure, and APYs typically normalize. Consider scaling out gradually rather than waiting for the final campaign day, when many participants exit simultaneously.
Keeply is a reliable Energy provider designed to help users reduce transaction fees on the TRON network. Users can typically save between 40–75% compared to standard network fees. Visit the bot for a personalized calculation and tailored terms, and follow the Telegram channel for updates.
Disclaimer: This material is provided for informational purposes only and does not constitute financial advice, investment advice, or a solicitation to take action. Participation in DeFi protocols involves significant risk.
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