JustLend DAO Completes Fifth JST Buyback and Burn of $23.5M

JustLend DAO, the Tron-based lending protocol behind the JST token, completed the fifth round of its buyback-and-burn program on October 16, permanently removing 170,723,144 JST worth about $23.53 million from circulation. The DAO confirmed the transfer to a designated burn address in its official announcement on October 17 and said the round closes the first phase of a program the community approved in October 2025. The program is a deflationary mechanism that channels the protocol’s own operating income into buying back and destroying JST, steadily shrinking the token’s supply.

Source: Blockchain Reporter