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JustLend DAO Completes Third JST Buyback and Burn
16/04/2026 07:00
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Complaint Report
Svmuu News: According to an official announcement, JustLend DAO today officially completed its third JST token buyback and burn. A total of 271,337,579 JST tokens were burned, corresponding to a value of approximately $21.3 million. The tokens have been transferred to a blackhole address. The funds for this burn were sourced from the protocol’s net revenue for the first quarter of 2026 and accumulated revenue from previous periods. As of April 16, 2026, the cumulative number of JST tokens burned has reached 1,356,228,332, representing 13.70% of the total supply. JustLend DAO will continue to execute quarterly buybacks and burns, and will regularly and transparently report progress to the community to collectively drive value creation.
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